Cambridge igcse - Study guides, Class notes & Summaries

A Need - A good or service essential for living. A want - A good or service that people would like to have, but which is not essential for living. Economic problem - Unlimited wants but limited resources - this creates scarcity. Scarcity - Lack of sufficient products to satisfy total wants of population. Opportunity Costs - The next best item given up by choosing another. Factors of production - Resources needed to produce goods and services - land, labour, capital and enterprise

CAMBRIDGE IGCSE BUSINESS STUDIES GUIDE 2024 WITH COMPLETE SOLUTION

Turning Effect of Forces 1 Describe the moment of a force as a measure of its turning effect and give everyday examples 2 Define the moment of a force as moment = force × perpendicular distance from the pivot; recall and use this equation 3 Apply the principle of moments to situations with one force each side of the pivot, including balancing of a beam 4 State that, when there is no resultant force and no resultant moment, an object is in equilibrium 5 Apply the principle of moments to ot...

this document contains full answers to all of the exam-style questions of the business book of Karren Borrington for the IGCSE level. All the answers are based on the pattern of the Cambridge examination and can help you assist the right way to formulate your answers

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