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Scarcity and choice

Scarcity and choice

Economics begins with scarcity: resources are limited, but wants keep expanding. Needs are essentials such as food and shelter, while wants go beyond basic survival.

The economic problem Lesson

  1. A Level
  2. /Economics
  3. /The economic problem

Step-by-step lessons on OCR A Level Economics The economic problem. Each one builds up to exam-style questions. Start with the core supply-and-demand models before moving on to the more evaluation-heavy macroeconomic policy topics.

Lessons