Cambridge IGCSE Economics Student\'s Book notes

Detailed government supply side policy notes.Interventionist and free market approach.

IGCSE Economics 0455 Notes (Chapter 1-2) 2023. Need ⇒ goods or services necessary for survival Want ⇒ goods or services NOT necessary for survival Finite resources ⇒ resources that will eventually run out Renewable resources ⇒ resources that can be replaced as they are used to produce goods or services The economic problem ⇒ limited resources and unlimited wants which leads to a problem called scarcity Scarcity ⇒ an economic problem where the resources are not enough to satis...

IGCSE Economics 0455 Notes (Chapter 1-2) 2023. Need ⇒ goods or services necessary for survival Want ⇒ goods or services NOT necessary for survival Finite resources ⇒ resources that will eventually run out Renewable resources ⇒ resources that can be replaced as they are used to produce goods or services The economic problem ⇒ limited resources and unlimited wants which leads to a problem called scarcity Scarcity ⇒ an economic problem where the resources are not enough to satis...

Detailed government supply side policy notes.Interventionist and free market approach.