1.1.1—Finite resources and infinite wants
- Syllabus
- 0455–2027–2028
- Objective
- 1.1.1
- Level
- —
1.1.1—Finite resources and infinite wants
- definition of the basic economic problem
- the concept of scarcity
- examples of the basic economic problem in the context of:
- consumers
- workers
- producers/firms
- governments
ConceptIGCSE Economics