economic problem

/Tag: economic problem

June 2019

Socialism: Drawbacks And Benefits

By |2019-06-25T07:07:40+02:00June 25th, 2019|Notes, ZIMSEC A Level Business Studies, ZIMSEC Business Enterprise Skills|

ZIMSEC Advanced Level Business Studies/ Business Enterprise Skills Notes: Economic Philosophies: Socialism Demerits and Merits

  • During our discussion of Socialism
  • We examined its features and aims
  • These features give socialism its advantages and disadvantages

Advantages of socialism

  • It strives to create an equal […]
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Economic Philosophies: Socialism

By |2019-06-25T07:09:45+02:00June 25th, 2019|Notes, ZIMSEC A Level Business Studies, ZIMSEC Business Enterprise Skills|

ZIMSEC Advanced Level Business Studies/ Business Enterprise Skills Notes: Economic Philosophies: Socialism

  • Socialism is one of the two left-leaning economic philosophies
  • It is at the core of most countries that are led by left-wing politicians
  • Indeed some of its principles have been adopted even by capitalist societies
  • At its heart is the […]
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Drawbacks And Benefits Of Capitalism

By |2019-06-20T06:29:13+02:00June 20th, 2019|Notes, ZIMSEC A Level Business Studies, ZIMSEC Business Enterprise Skills|

ZIMSEC Advanced Level Business Studies/ Business Enterprise Skills Notes: Economic Philosophies: Capitalism: Demerits and Merits

  • In our discussion of capitalism as an economic ideology
  • We explored some of its features
  • These collective features give capitalism it’s merits and demerits

Advantages of Capitalism

  • The profit […]
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AS A Level Business: Mixed Economy

By |2019-08-15T09:05:48+02:00June 14th, 2019|Cambridge AS A Level Business Studies, Notes, ZIMSEC A Level Business Studies, ZIMSEC Business Enterprise Skills|

Cambridge AS A Level Business Studies/ ZIMSEC Advanced Level Business Studies/ Business Enterprise Skills Notes: Mixed Economy

  • Society faces an economic problem
  • It has to answer three basic questions:
    • What to produce
    • How to produce and
    • For whom to produce?
  • It falls upon the government of that given society to come with a solution to this problem
  • This […]
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AS A Level Business: Benefits And Drawbacks Of A Planned Economy

By |2019-08-15T09:02:46+02:00June 14th, 2019|Cambridge AS A Level Business Studies, Notes, ZIMSEC A Level Business Studies, ZIMSEC Business Enterprise Skills|

Cambridge AS A Level Business Studies/ ZIMSEC Advanced Level Business Studies/ Business Enterprise Skills Notes: Planned/Command Economy

  • We looked at the features of planned economies here
  • We will now examine the advantages and disadvantages of such an economic system
  • It is important to note that for the most part:
  • The advantages of command economies are usually the […]
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AS A Level Business: Planned Economy

By |2019-08-15T09:00:42+02:00June 13th, 2019|Cambridge AS A Level Business Studies, Notes, ZIMSEC A Level Business Studies, ZIMSEC Business Enterprise Skills|

Cambridge AS A Level Business Studies/ ZIMSEC Advanced Level Business Studies/ Business Enterprise Skills Notes: Planned/Command Economy: Features 

  • A planned economy is also known as a command economy
  • To recap society faces an economic problem of how to allocate its scarce resources
  • It has to answer three basic questions:
    • What to produce
    • How to produce and
    • For […]
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AS A Level Business: Benefits And Drawbacks Of A Free Market Economy

By |2019-08-15T09:04:39+02:00June 8th, 2019|Cambridge AS A Level Business Studies, Notes, ZIMSEC A Level Business Studies, ZIMSEC Business Enterprise Skills|

Cambridge AS A Level Business Studies/ ZIMSEC Advanced Level Business Studies/ Business Enterprise Skills Notes: Free Market Economy: Advantages and disadvantages 

  • Having examined the features of a Free Market Economy
  • We will now examine the advantages and disadvantages of this economic system
  • While it might not be said explicitly these benefits contrast with those of a […]
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The Economic Problem

By |2019-08-15T08:37:01+02:00June 2nd, 2019|Cambridge AS A Level Business Studies, Notes, ZIMSEC A Level Business Studies, ZIMSEC Business Enterprise Skills|

Cambridge AS A Level Business Studies/ ZIMSEC Advanced Level Business Studies/ Business Enterprise Skills Notes: Enterprising: The Economic Problem

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December 2015

Free Market Economy

By |2019-06-08T10:40:57+02:00December 7th, 2015|Notes, O Level Business Studies Notes, Ordinary Level Notes|

ZIMSEC O Level Business Studies Notes: Communication: Free Market Economy

Characteristics/Features

• All the resources (factors of production) are owned by private individuals.
• Profit is the main motive of all business.
• There is little or no government interference in business activities.
• Producers are free to produce how much they want, for whomever they want.
• Consumers are free […]

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