Skip to content

Course home

x
Sign up
x

Markets and scarce resources

Markets and scarce resources

A market is an opportunity for buyers and sellers to interact to establish a price for a good or service. It does not need to be a physical place: an app, website or phone call can connect the two sides.

1.2 Resource allocation Lesson

  1. GCSE
  2. /Economics
  3. /1.2 Resource allocation

Step-by-step lessons on AQA GCSE Economics 1.2 Resource allocation, covering 1.2.1a Markets, 1.2.1b Allocation of resources, 1.2.1c Factor and product markets, 1.2.2a Primary, secondary and tertiary sectors, 1.2.2b Goods and services, 1.2.3a Specialisation and the division of labour, 1.2.3b How and why producers specialise, and 1.2.3c Costs and benefits of the division of labour. Each one builds up to exam-style questions. Build a solid grasp of supply and demand and cost/revenue calculations before tackling the evaluation-heavy policy topics.

Lessons