Economics As Level Revision Notes Series By Zain Mushtaq TABLE OF CONTENT UNIT 1 BASIC ECONOMIC PROBLEM AND PPCNeeds vs WantsFactor of production and factor Reward/PaymentRole of enterprise in a modern economyThe Basic Economic Problem/Fundamental economic Problem/Problem of scarcityOpportunity costProduction possibility curvesShape of PPCProduction...

Economics A2-Level Revision Notes Series By Zain Mushtaq TABLE OF CONTENT UNIT 1 CONSUMER BEHAVIOURLaw of diminishing marginal utilityIndifference curves and budget lines UNIT 2 TYPES OF COSTS, REVENUE AND PROFIT, SHORT-RUN AND LONG-RUN PRODUCTIONThe short run and the long runLaw of diminishing returns...

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