The Economic Problem

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  • The Economic Problem
    • The Economic Resources
      • Capital
        • Interest
      • Labour
        • Wages
      • Enterprise
        • Profit
      • Land
        • Rent
    • Prices and profits have three key functions
      • Rationing
      • Incentive
      • Signalling
    • Production Possibility Frontier
      • Shifts in the PPF
        • + Finding new resources
        • + Improving technology
        • - Fall in living standards
      • Opportunity Cost
        • Increase of A Decrease in B

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