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edexcel igcse economics - paper 1

This class was created by Brainscape user Ansh Bindroo. Visit their profile to learn more about the creator.

By: Ansh Bindroo
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Decks in this class (10)

The Basic Economic Problem
What are needs,
What are wants,
What is the basic economic problem
11  cards
Demand, Supply and Equilbrium
Define demand,
What are the 2 golden rules of de...,
What are the 7 factors affecting ...
31  cards
PED, YED and PES
Define price elasticity of demand,
What is elastic demand,
What is elastic demand
26  cards
The Mixed Economy
What is a planned command economy,
What is a free market economy,
What is the public sector
18  cards
Privatisation and Externalities
What is privatisation,
How does privatisation take place,
Give four reasons why organisatio...
20  cards
Production
What does the primary sector involve,
What does the secondary sector in...,
What does the tertiary sector inv...
21  cards
The Labour Market
Define the term wages,
Define the term salary,
Define the term demand for labour
37  cards
Business Costs and Economies of Scale
D,
What is the formula for total rev...,
What is the formula for total costs
28  cards
Competition
Define the term competition,
What are the 5 features of a comp...,
What are the 4 advantages of comp...
41  cards
2022 Advance Information
What is the basic economic problem,
What 5 things should the ppc be u...,
Name four reasons why producers m...
119  cards

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edexcel igcse economics - paper 1

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