scarcity

/Tag: scarcity

June 2019

AS A Level Business: Planned Economy

By |2019-06-13T06:12:42+02:00June 13th, 2019|Cambridge AS A Level Business Studies, Notes, ZIMSEC A Level Business Studies, ZIMSEC Business Enterprise Skills|

Cambridge AS A Level Business Studies/ ZIMSEC Advanced Level Business Studies/ Business Enterprise Skills Notes: Planned/Command Economy: Features 

  • A planned economy is also known as a command economy
  • To recap society faces an economic problem of how to allocate its scarce resources
  • It has to answer three basic questions:
    • What to produce
    • How to produce and
    • For […]
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December 2015

An introduction to Economic Activity

By |2019-06-02T10:51:35+02:00December 7th, 2015|Notes, O Level Business Studies Notes, Ordinary Level Notes|

ZIMSEC O Level Business Studies: An introduction to Economic Activity and Ordinary Level Business Studies

Business-a commercial activity conducted to satisfy human needs and wants usually done for profit. Business studies is the study of such activities. Examples of Businesses include buying and selling, the offering of services and mining. The word business does not refer to a building […]

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