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RESOURCES AND PRODUCTION
Study notes, multiple choice, case studies
Concepts
FACTORS OF PRODUCTION
MOBILITY OF LABOUR
CLASSIFYING PRODUCTION
PRODUCTIVITY
DIVISION OF LABOUR
THE LAW OF VARIABLE PROPORTIONS
AVERAGE & MARGINAL PRODUCT
RETURNS TO SCALE
TOPICS
The economic problem
Types of economic system
The resources and production
Population
Demand, supply and price
Revenue, cost and profit
Wages and trade unions
Business Organisation and Finance
Growth, location and Market structure
International trade and payment
Money and financial institutions
Public revenue and expenditure