Foundations of economics (SL Economics)

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  • Foundation of economics
    • Scarcity
      • Infinite wants
        • Economics How to solve this problem
          • Limited production
            • Factors of production
              • Land
              • Labour
              • Capital
              • Entrepreneurship
          • Opportunity Cost- next best alternative
      • Limited production
        • Factors of production
          • Land
          • Labour
          • Capital
          • Entrepreneurship
      • Resource allocation
        • Over allocation
        • Underallocation
    • Income
      • Distribution
      • Redistribution
      • Infinite wants
        • Economics How to solve this problem
          • Opportunity Cost- next best alternative
    • Capital
      • Physical
      • Human
      • Natural
      • Financial
    • Microeconomics- Individual
    • Macroeconomics- overall/whole

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