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Posts By: admin2015
Handout: The Basic Economic Problem
The Basic Economic Problem Scarcity The world’s resources are FINITE; there are only limited amounts of land, water, oil, food and…
Read MoreHandout: Market Economies
Market Economies The market economy is also referred to as the free enterprise economy or capitalist economy. It is an…
Read MoreHandout: Economics as a Science
Economics as a Science A scientist will Postulate a theory – the scientist will develop and put forward a hypothesis capable…
Read MoreActivity: Economic Systems
Economic Systems Place the following countries on the diagram below according to the extent to which decision-making is decentralised: France, UK,…
Read MoreHandout: National Income Accounting
National Income Accounting National Income is the monetary value of all goods and services becoming available to the citizens of…
Read MorePowerpoint: Phillips Curve
Phillips Curve A PowerPoint describing the Phillips curve which demonstrates the inverse relationship between rates of unemployment and inflation. Phillips Curve…
Read MoreHandout: What is Inflation?
What is Inflation? Inflation is a general and sustained rise in prices that is measured on a monthly basis. Inflation…
Read MoreHandout: Unemployment
Unemployment WHAT IS UNEMPLOYMENT? Unemployment is a subject about which feelings run high, and it has always been a major political…
Read MoreHandout: Understanding Unemployment
Understanding Unemployment Unemployment is the measure of how many people are out of work in the economy. It is usually…
Read MoreHandout: Measuring Unemployment
Measuring Unemployment Unemployment is a measure of the number of people who are out of work in the economy. The…
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