WASSCE Economics · Economic Foundations
Basic Concepts of Economics
Scarcity, choice, opportunity cost, wants, and the basic economic problem every society faces.
- lessons
- 2
- of study
- 19 min
- free to read
- 1
Across the topic: 7 sections · 3 worked examples · 3 diagrams
Topic content
Lessons in this topic
2 lessons · 19 min
- 1Wants, scarcity, choice and opportunity cost10 minFree10 minFree
2 worked examples · 1 diagram
- 2The basic economic problems and the production possibility curve9 min Plan9 min Plan
- The basic economic problems
- The production possibility curve
1 worked example · 2 diagrams
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