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...Gcse economics revision guide key words and summaries assessment objectives this specification requires candidates to overall definitions syllabus content basic economic problems decisions market systems demand supply the mechanism labour markets business behaviour ownership growth of competition structure failure policies macroeconomic concepts gdp national income inflation unemployment balance payments money flow system cycle exchange rates policy nature effects interest government expenditure rate as a instrument objective trade protection european union demonstrate knowledge understanding specified subject b apply using appropriate terms theories methods effectively address issues c select organise interpret use information from various sources analyse d evaluate evidence make reasoned judgements present conclusions accurately appropriately efficiency measure how well workers businesses or country produce goods services profitability success through comparing profit made with amoun...