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1.1.4 basic questions of resource allocation
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Scarcity Creates Choices

Scarcity Creates Choices

Economic activity turns scarce resources into goods and services that satisfy needs and wants. Resources such as land, labour, capital and enterprise are finite, so an economy cannot produce everything people would like.

1.1.4 basic questions of resource allocation Lesson

  1. Intl A Level
  2. /Economics
  3. /1.1.4 basic questions of resource allocation

Step-by-step lessons on CIE Intl A Level Economics 1.1.4 basic questions of resource allocation. Each one builds up to exam-style questions.

Lessons