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IGCSE Economics Definitions ABNORMAL PROFIT The surplus of revenue over costs enjoyed by a monopoly that is in excess of profit the same firm could expect to earn if it faced competition for its market. ABSOLUTE ADVANTAGE The ability of a country or region to produce a good or service at a lower average cost per unit than any other country or region is able to. ABSOLUTE POVERTY An economic condition of lacking both money and basic necessities needed to successfully l...

Economics IGCSE (Micro and Macro) the basic economic problem - Needs and wants are unlimited, but resources are scarce scarcity - when there is not enough of something resources - something that can be used to fulfill a need economic goods - Goods that are scarce and therefore have an opportunity cost. free goods - Goods that are not scarce, and are therefore available without limit. public sector - the part of the economy that involves the transact...

IGCSE Economics exam latest update A+ graded Definition of opportunity cost - answer The effects of opportunity cost on workers - answer The production possibility curve represents - answer How can a country be on its PPC? - answer A movement along the PPC results in - answer in order for the PPC to shift outwards, there must be - answer The two ways for economic growth are - answer The market system refers to - answer the method of ...

Introduction to Psychological Science talks about the different perspectives that helps us understand psychology

Summary of all the articles discussed in lectures.

A summary of all the content covered in lectures.

The following document provides clear answers to the quiz questions (these are the questions 2022-2023 students were assessed on) and is excellent for revision.

Provides an in depth analysis of Basic Accounting Concepts

Sexual violence involves extensive arrays of behaviours committed against both adults and children (Australian Bureau of statistics, 2018). Consistent attempts within the last 30 years have amplified individuals perceptions about sexual violence by confronting the conception that it is merely a personal matter (Australian Bureau of statistics, 2018). Sexual assault is a dominant issue that is becoming more prevalent and it is the central element of sexual violence (Australian Bureau of statistic...

Numerous answers to questions are available in this document and outline various chemistry topics which are necessary to all chemistry students. These answers may also be used to save time/excel in your respective class.