Exam (elaborations)
AQA-Z MANAGERIAL ECONOMICS EXAM QUESTIONS AND ANSWERS 2025/2026 UPDATE WITH COMPLETE SOLUTIONS (GRADED A+) DETAILED ANSWERS!!
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Economics - science of making decisions on the allocation of limited resources in the presence of unlimited wants and needs Resources - anything that is utilized in the production of a product or service Decisions - necessary as scarcity implies trade-off Factors of Production - land, labor, capital, and entrepreneur Characteristics of an Entrepreneur - 1. organizes factors of production 2. Makes business decisions 3. Takes risks 4. An innovator End goal of Economics - 1. To impose p
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aqa z managerial economics exam questions and ans
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