This theme is included in AS Paper 1 and A-Level Paper 1 and Paper 3 for Edexcel Economics (B). You can find notes for it below:
Scarcity, Choice and Potential Conflicts
Enterprise, Business and the Economy
- a) Role of an entrepreneur in the economy
- b) Entrepreneurial motives
- c) Factors of production
- d) Specialisation
- e) The wider economic environment
Introducing the Market
- a) Demand
- b) Supply
- c) Price determination
- d) Price mechanism
- e) Understanding the consumer
- f) The competition
Role of Credit in the Economy
- a) Role of banks in the economy
- b) Risk and liability
- c) Types and sources of credit and the impact of credit within the economy
