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Economics AS Level Notes
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29

January 2024

2023/2024

A+
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Economics Definition – The study of how to allocate scarce resources in the most effective way Economic Problem Definition – How to allocate scarce resources among alternative uses Household Definition – A group of people whose spending decisions are connected Microeconomics Definition – The study of how households and firms make decisions in markets Macroeconomics Definition – The study of issues that affect economies as a whole The Basic Economic Problem The fact that resources...
MartinKingsley
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