Economics Basics

Key Stage 3

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Purpose

  • Get acquainted with different concepts in the economy

Get acquainted with different concepts in the economy.

Learn what kinds of needs exist and what the difference is between scarce and free goods. Learn about the marketing mix, and the types of income and expenses that exist together with your classmates. View graphs to show when purchasing power rises and falls.  The lesson finishes with various calculation tasks.

Economics Basics
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