Category Archives: Economics
Economics Key Definitions
Essential Graphs for Economics
Economics Notes Link
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IGCSE Economics Essential Definitions
The Basic Economic Problem Capital : goods/materials that are used for the production of other items. Not consumed in their own right. Consumption : Using up goods/services. Consumer Goods: goods that are wanted because they provide satisfaction to their owner. Demerit Goods: goods that are perceived to have a negative impact/effect on society/individuals. Economic Rent: …
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