June 2019

AS A Level Business: The Economic Problem

By |2022-09-15T12:30:03+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

  • As already said elsewhere, business involves an organised effort
  • The owners combine factors of production to achieve set objectives
  • Combining factors of production can also be known carrying out an economic activity
  • Businesses exist primarily to satisfy human […]

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December 2015

The Economic Problem

By |2022-09-15T12:40:55+02:00December 7th, 2015|Notes, O Level Business Studies Notes, Ordinary Level Notes|

The economic problem. Image credit wordpress.com

The economic problem. Image credit wordpress.com ZIMSEC O Level Business Studies: The Economic Problem.

The Economic Problem

  • Arises because resources (factors of production) are limited and scarce
  • whilst human needs and wants are unlimited.
  • This leads to the three questions:
  • What to produce? […]

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