Economics is solving the problem of the worlds infinite wants with the finite resources available. In Western economies like the UK this problem is solved through the laws of Supply and Demand. Private firms competing for profits will provide what consumers want and shortages are rationed through prices. A level Economics will look into how resources are allocated applying theoretical models to real world situations
Name: Economics (GCEAS) Qualification title: GCE AS Level in Economics B Qualification type: GCE A/AS Level or equivalent Assessment Awarding Pearson Education Ltd (Formerly EDEXCEL) Created 20151120 15:06:36 Updated 20151120 15:06:36
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Churston Ferrers Grammar School
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