Igcse business studies - Study guides, Class notes & Summaries

summarising from unit 2 until unit 30!

A Need - A good or service essential for living. A want - A good or service that people would like to have, but which is not essential for living. Economic problem - Unlimited wants but limited resources - this creates scarcity. Scarcity - Lack of sufficient products to satisfy total wants of population. Opportunity Costs - The next best item given up by choosing another. Factors of production - Resources needed to produce goods and services - land, labour, capital and enterprise

These are the full revision notes which cover all topics required for the Cambridge IGCSE Business Studies exam. They cover all parts required by the syllabus, chapter from 1 to 6. The syllabus code is 0450. Please try these notes and good luck with your exams! I recommend them as I got A* in my Business Studies IGCSE. If you have any doubts don't hesitate in contacting me! It would be very helpful if you give a review as feedback. Thank you!

CAMBRIDGE IGCSE BUSINESS STUDIES GUIDE 2024 WITH COMPLETE SOLUTION

IGCSE Business Studies 0450 Exam Questions and Answers (Latest Update 2024)

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Edexcel IGCSE Business Studies | Latest Update | 2024/2025 | Rated A+ What is meant by ‘profit’? Profit is the financial gain made when total revenue exceeds total costs. Define 'entrepreneur'. An entrepreneur is an individual who takes the risk to start and run a business with the aim of making a profit. What is the meaning of ‘market share’? Market share refers to the percentage of total sales in a market that a company or product controls. What is a ‘business ...

Great IGCSE Business Studies notes detailing all 6 Units, with definitions of key terms and concepts alongside all the needed syllabus information for the best possible grades.

A Need - Answer A good or service essential for living. A want - Answer A good or service that people would like to have, but which is not essential for living. Economic problem - Answer Unlimited wants but limited resources - this creates scarcity. Scarcity - Answer Lack of sufficient products to satisfy total wants of population. Opportunity Costs - Answer The next best item given up by choosing another. Factors of production - Answer Resources needed to produce good...