Economics
Opportunity Cost (AS/A LEVELS/IB/IAL)
307
0
Opportunity cost is to do with making choices.
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Positive Economics (AS/A LEVELS/IB/IAL)
251
0
Positive economics is concerned with factual information.
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PPF Curves – Production Possibility Frontiers (AS/A LEVELS/IB/IAL)
1675
0
A production possibility frontier (PPF) shows the maximum potential output of two goods or services that can be produced when all resources are fully employed.
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Taxes (AS/A LEVELS/IB/IAL)
871
0
A tax is a compulsory charge on the price of goods and services.
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Normative Economics (AS/A LEVELS/IB/IAL)
281
0
Normative economics is concerned with value-judgements and opinions.
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Factors of Production (AS/A LEVELS/IB/IAL)
292
0
Factors of production (Capital, Enterprise, Labour, Land) are used to produce goods and services.
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