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...Cambridge university press international as plus a level economics revision guide susan grant excerpt more information basic economic ideas and resource allocation pter learning summary cha after you have studied this chapter should be able to deine the fundamental problem explain role of factor enterprise in meaning scarcity opportunity modern economy cost questions draw interpret production possibility ceteris paribus curves recognise importance decision making at how constant increasing margin determine shape curve distinguish between positive normative statements functions characteristics money outline factors barter rewards liquidity free goods private specialisation public assess advantages disadvantages merit division labour demerit compare different systems inevitability choices is that there are all levels never enough resources produce products people would like made consumers decide what buy limited supply inite whilst wants workers which jobs do irms unlimited ininite gover...