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Decks in this class (16)
1.1.1: The Economic Problem
Define wants 1 mark 1,
Define needs 1 mark 2,
What is meant by the basic econom...
27
cards
1.1.2: Economic Assumptions
State the main economic assumptio...,
State the main economic assumptio...,
Define maximise 1 mark 3
7
cards
1.1.3: The Demand Curve
Define demand 1 mark 1,
Define effective demand 2 marks 2,
Define demand curve 1 mark 3
10
cards
1.1.4: Factors That May Shift The Demand Curve
State the acronym suggested by ms...,
State the 6 factors that could sh...,
Explain why fashion and tastes co...
13
cards
1.1.5: The Supply Curve
Define supply 1,
Define supply curve 1 mark 2,
State the law of supply and expla...
8
cards
1.1.6: Factors That May Shift The Supply Curve
Wildcard define ventures 1 mark 1,
State the acronym for remembering...,
Explain why production costs can ...
11
cards
1.1.7: Market Equilibrium
Define equilibrium price 1 mark 1,
Describe the difference between e...,
Define market clearing price 1 ma...
12
cards
1.1.8: Price Elasticity of Demand
Define price elasticity of demand...,
Define inelastic demand 1 mark 2,
Define inelastic demand 1 mark 3
18
cards
1.1.9: Price Elasticity of Supply
Define fast moving consumer good ...,
Define price elasticity of supply...,
Define inelastic supply and state...
19
cards
1.1.10: Income Elasticity
Define income elasticity of deman...,
State the formula for percentage ...,
Define normal good and what it s ...
17
cards
1.1.11: The Mixed Economy
Define economy 1 mark 1,
State the 3 basic economic proble...,
Define public sector 1 mark 3
60
cards
1.1.12 Privatisation
Define the term privatisation 1 m...,
State the three ways that privati...,
Define nationalised industries 1 ...
18
cards
1.1.13: Externalities
Define the term external costs 1 ...,
State and explain 2 examples of e...,
Define external benefits 1 mark 3
17
cards
1.2.14 The Factors Of Production and Sectors of the Economy
Define production 1 mark 1,
What is meant by the factors of p...,
Blank 3
3
cards
EXAM TECHNIQUE
How do you do a 1 marker 1,
How do you do a 2 marker 2,
How do you do a 3 marker 3
4
cards
1.2.15 Productivity and the Division of Labour
Define productivity 1 mark 1,
State the formula for labour prod...,
Blank 3
3
cards
More about
IGCSE Edexcel Economics
- Full test name Unspecified
- Test acronym Unspecified
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