making decisions 3.0 / 5 based on 2 ratings ? AccountingGCSEAQA Created by: elloisa cookCreated on: 29-11-12 09:31 scarcity resources are limited compared with our 'needs' and 'wants' 1 of 6 choice deciding between different options because our resources are limited 2 of 6 basic economic problem resources are limited but 'needs' and 'wants' are infinate 3 of 6 resources the land, labour, capital and enterprise used to produce goods and services 4 of 6 opportunity cost something given up when we make a choice 5 of 6 benefits the advantages of a particular choice 6 of 6
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