Ravi is deciding whether an online music subscription is a need or a want.
Which factor is most likely to determine the correct classification?
Whether Ravi could survive without the subscription
Whether Ravi pays a high price for the subscription
Whether Ravi can afford the subscription from his income
Whether Ravi uses the subscription every day
81 exam-style questions on AQA GCSE Economics 1.1 Economic foundations, covering 1.1.1a Needs and wants, 1.1.1b The central purpose of economic activity, 1.1.1c Key economic decisions, 1.1.1d The main economic groups, 1.1.2a The nature of an economic resource, 1.1.2b The four factors of production, 1.1.3a The basic economic problem and making choices, and 1.1.3b Opportunity cost. Each one has a worked solution and a mark scheme showing where the marks go.