This package comprises of Unit 1 of the O Level Economics CIE, specially for starters in Grade 10. This first unit introduces Economics as a subject and coins the very basic economic problem that all societies face. We also look at the 4 factors of productions as well as look at the concept of PPC ...
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We use the concept of PPC to show opportunity cost and how moving along PPC supports this. We also look at all combinations on, within and outside the PPC as well as factors which make the PPC shift.
Preview 2 out of 7 pages
Add to cartWe use the concept of PPC to show opportunity cost and how moving along PPC supports this. We also look at all combinations on, within and outside the PPC as well as factors which make the PPC shift.
This Unit explains the concept of PPC in view of showing opportunity cost. We also look at different combinations on, inside and outside the PPC as well as their implications. Moreover, we consider the factors which will shift a PPC.
Preview 2 out of 7 pages
Add to cartThis Unit explains the concept of PPC in view of showing opportunity cost. We also look at different combinations on, inside and outside the PPC as well as their implications. Moreover, we consider the factors which will shift a PPC.
This Unit looks at the concept of opportunity cost, illustrated with a simple example.
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Add to cartThis Unit looks at the concept of opportunity cost, illustrated with a simple example.
In this Unit, we look at the 4 main factors of production and their geographical and occupational mobilities, as well as their rewards.
Preview 2 out of 8 pages
Add to cartIn this Unit, we look at the 4 main factors of production and their geographical and occupational mobilities, as well as their rewards.
In this Unit, we define "Economics" and explain what exactly we study, with respect to, limited resources being used to satisfy unlimited wants. We also look at the different types of goods that are often talked about.
Preview 2 out of 8 pages
Add to cartIn this Unit, we define "Economics" and explain what exactly we study, with respect to, limited resources being used to satisfy unlimited wants. We also look at the different types of goods that are often talked about.
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