Scarcity, Choice and Potential Conflicts
- a) The economic problem
- b) Business objectives
- c) Stakeholders (economic agents) and their objectives
Enterprise, Business and the Economy
- a) Role of an entrepreneur in the economy
- b) Entrepreneurial motives
- c) Factors of production
- d) Specialisation
- e) The wider economic environment
Introducing the Market
- a) Demand
- b) Supply
- c) Price determination
- d) Price mechanism
- e) Understanding the consumer
- f) The competition
Role of Credit in the Economy
- a) Role of banks in the economy
- b) Risk and liability
- c) Types and sources of credit and the impact of credit within the economy
