There are revision notes, interactive quizzes, worksheets, case studies and lot of interesting stuff. So what are you waiting for? Go ahead! Click an icon and start learning! Define the nature of the economic problem (finite resources and unlimited wants) define the factors of production (land, labour, capital, enterprise) define opportunity cost and analyse particular. With regards to prices, candidates should be able to: describe how a consumer prices index/retail prices index is calculated discuss the causes and consequences of igcse Economics Paper 3 Revision inflation discuss the causes and consequences of igcse Economics Paper 3 Revision deflation. This section is specifically written for Cambridge igcse Economics Syllabus 2013. However, students and teachers from other curriculum will find this section equally useful as most of the topics covered here are common. Describe the allocation of resources in market and mixed economic systems demonstrate the principle of equilibrium price and analyse simple market situations with changes indemand and supply describe the causes of changes in demand and supply conditions and analyse such changes to showeffects in the market define price elasticity of demand and supply and perform.
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