Complete IGCSE Edexcel Economics Notes

Cambridge Institute Of Allied Health & Technology

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IGCSE Economics Study Guide (for Edexcel Syllabus)

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Complete IGCSE Edexcel Economics Notes
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septiembre 2025

2025/2026

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Complete IGCSE Edexcel Economics Notes The Economic Problem is that all countries have finite resources, yet we have unlimited wants . An economist must decide how to allocate these scarce resources between uses, weighing up the pros and cons of different situations. The three main questions which are asked are: 1. What to produce? 2. How to produce? 3. For whom to produce? When making these choices, firms and governments will face a cost called opportunity cost. Th...
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