Class Notes Price Mechanism (Supply and Demand) Microeconomics A Levels
Market Structure Notes for all A-Level Economics Courses
Summary Cambridge International AS & A Level Eco, ISBN: 9781107679511 Unit 3 - Government intervention in the price system (9708)
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SHORTCUTS
important/key point
sub-points
characteristics
examples/scenarios
effect
formula
??? = reason
* = refer to notes
, why does scarcity
occur?
QUESTION
limited resources,
unlimited wants
people strive for better
living conditions
ANSWER
, define resources
QUESTION
inputs available to an economy for use
in production of goods and services
ANSWER
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