Economics 2.5 / 5 based on 2 ratings ? EconomicsGCSEAQA Created by: JackCreated on: 29-11-12 10:25 Personal life cycle Key stages in life, childhood, adolecense, young adult, adult and pensioner 1 of 6 Tax credit A state benefit paid to employees though a tax system, which asts like a negative tax 2 of 6 Tax allowence Sums deducted from total income before income tax is calculated 3 of 6 Scarcity Resources are limeted compared with our need and wants 4 of 6 Choice Deciding between options because recources are limeted 5 of 6 Resources Land, capital, labour and enterprise 6 of 6
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