Economics igcse edexcel - Study guides, Class notes & Summaries

Economics IGCSE EDEXCEL 100% Correct Answers |UPDATED| Advalorem tax *Ans* Tax levied as a percentage of the price of a good. Aggregate demand *Ans* Total demand in the economy including consumption, investment, government expenditure and exports minus imports. Anti-competitive practices or restrictive trade practices *Ans* An attempt by firms to prevent or restrict competition. Assisted areas *Ans* Areas designated as having problems by the UK or EU and are eligible for support. Av...

Economics IGCSE EDEXCEL Economics IGCSE EDEXCEL Economics IGCSE EDEXCEL

Advalorem tax - correct answer Tax levied as a percentage of the price of a good. Aggregate demand - correct answer Total demand in the economy including consumption, investment, government expenditure and exports minus imports. Anti-competitive practices or restrictive trade practices - correct answer An attempt by firms to prevent or restrict competition. Assisted areas - correct answer ...

IGCSE Edexcel Economics Microeconomics notes (first half of the Pearson textbook). This can be used for revision for Paper 1 of the Edexcel IGCSE Economics course. Includes diagrams and perfect answers in bullet points (perfect for long-answer questions!)

Edexcel economics igcse micro notes 1. Economic Problems 1. What is economics? A social science studies the behavior of individual organization/the-entire economy. 2. Why do we study economics? Because there is a basic economic problem which has risen due to the scarcity of resources. 3. Define the following: • Wants: people’s desire towards good/service • Need: basic requirements needed for human survival • Scarcity: When we are unable to fulfill our unlimited wants from ...

Advalorem tax Correct Answer Tax levied as a percentage of the price of a good. Average costs Correct Answer The cost per unit of output; it is equal to total cost divided by output. Basic economic problem Correct Answer Allocation of a nation's scarce resources between competing uses that represent infinite wants. Capital intensive Correct Answer Where production relies more heavily on machinery relative to labour. Choice Correct Answer Deciding between alternative uses of scare re...

Edexcel economics igcse micro notes 1. Economic Problems 1. What is economics? A social science studies the behavior of individual organization/the-entire economy. 2. Why do we study economics? Because there is a basic economic problem which has risen due to the scarcity of resources. 3. Define the following: • Wants: people’s desire towards good/service • Need: basic requirements needed for human survival • Scarcity: When we are unable to fulfill our unlimited wants from ...

Edexcel economics igcse micro notes

IGCSE Economics (Edexcel) Definitions IGCSE Economics (Edexcel) Definitions IGCSE Economics (Edexcel) Definitions

IGCSE Edexcel Economics Macroeconomics notes (second half of the Pearson textbook). This can be used for revision for Paper 2 of the Edexcel IGCSE Economics course. Includes diagrams and perfect answers in bullet points (perfect for long-answer questions!). Good Luck!