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1 May/June 2016 Paper 33
1 (a) Features and functions of money
CHAPTER 2 ACCOUNTING FOR ASSETS
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O/N 13/P21/Q1 (Clare’s Clothes (CC))
161 Economics As Level 9708 Revision Notes Series Uni Ball Micro Deluxe Black Pen 1 May/June 2016 Paper 33Economics As Level Revision Notes Series By Zain Mushtaq TABLE OF CONTENT UNIT 1 BASIC ECONOMIC PROBLEM AND PPC Needs vs Wants Factor of production and factor Reward Payment Role of enterprise in a modern economy The Basic Economic Problem Fundamental economic Problem Problem of scarcity Opportunity cost Production possibility curves Shape of PPC Production points Shifts in PPC Consumer goods vs capital goods Resource allocation Economic systems
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