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Supply side policy notes
- Interview • 8 pages • 2023
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Detailed government supply side policy notes.Interventionist and free market approach.
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IGCSE Economics 0455 Notes (Chapter 1-2) 2023
- Summary • 23 pages • 2023
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IGCSE Economics 0455 Notes (Chapter 1-2) 2023. 
Need ⇒ goods or services necessary for survival 
Want ⇒ goods or services NOT necessary for survival 
Finite resources ⇒ resources that will eventually run out 
Renewable resources ⇒ resources that can be replaced as they are used to produce 
goods or services 
The economic problem ⇒ limited resources and unlimited wants which leads to a 
problem called scarcity 
Scarcity ⇒ an economic problem where the resources are not enough to satis...