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Year 11 - Preliminary Syllabus Notes

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Key content from topics: - Introduction to Economics - Consumers and Business - Markets - Financial Markets

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29 Pages Complete Study Notes 1-2 Years old
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Topics this document covers:
Economics Economy Microeconomics Demand Market structure Market Elasticity Pricing Supply and demand Demand curve Factor market Price elasticity of demand
This is a Complete Set of Study Notes

Complete Study Notes typically cover at least half a semester’s content or several topics in greater depth. They are typically greater than 20 pages in length and go into more detail when covering topics.

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Topics this document covers:
Economics Economy Microeconomics Demand Market structure Market Elasticity Pricing Supply and demand Demand curve Factor market Price elasticity of demand
Sample Text:
g health care, education - Recurrent: are wants the must be continually satisfied at regular intervals e.g food and water - Complementary: wants which are work in unison with other wants e.g. cars and petrol, printers and ink. - Substitute: replacement products or the same product from a different e.g wholegrain bread and white bread, Apple and Samsung. - Resources: - Land (rent): all natural resources provided be nature and used in production e.g water, climate, vegetation - Labour (wages): human effort, both intellectual and physical used in production - Capital (interest): the production means of production of the goods used in the production of more goods and services in th...
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