IGCSE Economics (CAIEIGCSEECONOMICS)

Harvard University

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Cambridge O Level Economics Workbook

Susan Grant

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CAIE IGCSE ECONOMICS (0455) SUMMARIZED NOTES 2023

Summary

CAIE IGCSE ECONOMICS (0455) SUMMARIZED NOTES 2023
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18

January 2023

2022/2023
CAIE IGCSE ECONOMICS (0455) SUMMARIZED NOTES 2023. The Basic Economic Problem 1.1. Economic Problem There are too few productive resources to make all the goods and services that consumers need and want. Unlimited wants and limited resources Scarcity of resources is the basic economic problem Types of goods Economic goods: A good or service that has a degree of scarcity and therefore an opportunity cost. Free goods: A good or service that is not scarce and is available in abundance. F...
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IGCSE Economics (CAIEIGCSEECONOMICS)

Harvard University

Popular textbooks

Cambridge O Level Economics Workbook

CAIE IGCSE ECONOMICS (0455) SUMMARIZED NOTES 2023