1.1 Econ 0.0 / 5 ? Economics1.1GCSEEdexcel Created by: belenchisCreated on: 24-04-18 18:50 Scarcity and the economic problem Unlimited wants and scarce reasources 1 of 5 Opportunity cost next best alternative forgone 2 of 5 Production Possibility Curve belly capital goods vs. consumer 3 of 5 Causes of positive economic growth improvements in tech, and education. Discovery of natural reasources, increase in labour, more capital good 4 of 5 Causes of negative economic growth destruction of natural resources, less prodictive labour, less capital goods 5 of 5
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