GCSE OCR Economics Introduction 4.0 / 5 based on 2 ratings ? EconomicsIntroduction to basic economic problemGCSEOCR Created by: darren hollandCreated on: 25-05-15 16:00 The reward for owning enterprise profit 1 of 9 Rent is this factor's reward land 2 of 9 The concept of the next best alternative opportunity cost 3 of 9 The basic economic problem is one of unlimited wants and needs but finite what? resources 4 of 9 The principle of the Division of Labour involves what? specialisation 5 of 9 The reward for owning labour wages 6 of 9 Interest is the reward for what factor of production? capital 7 of 9 The market economy is based upon what mechanism? price 8 of 9 Another name for a centrally planned economy command 9 of 9
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