AS Economics Review - The reasons for individuals, organisations and societies having to make choices

Economics - the study of how to allocate scarce resources in the most effective way.

Economic problem - how to allocate scarce resources among alternative uses.

Household - group of people whose spending decisions are connected.

Microeconomics - the study of how households (consumers) and firms (producers) made decisions in markets.

Macroeconomics - the study of issues that affect economies as a whole.

First Post

I am now linking to bbc

There are different teaching styles