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CSET 3 Social Science 100% SOLUTION
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7
May 2024
2023/2024
A+
CSET 3 Social Science
100% SOLUTION
Why is self-interest good? - ANSWER WIPIM
Wealth
Innovation
Productivity
Investment
More for all
What factors affect demand? - ANSWER SERPIP
Substitute goods
Expectations of Prices
Related Goods
Population
Income
Preferences
What factors affect supply? - ANSWER IREST
Input prices (wages, traveling, equip)
Related goods
Expectations of prices
Supplier numbers
Technology
GDP - ANSWER Size of the economy; total amount of all goods produced
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