Economics
PPF Curves – Production Possibility Frontiers (AS/A LEVELS/IB/IAL)
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A production possibility frontier (PPF) shows the maximum potential output of two goods or services that can be produced when all resources are fully employed.
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Direct & Indirect Taxes (AS/A LEVELS/IB/IAL)
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A tax is a compulsory charge on the price of goods and services.
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Normative Economics (AS/A LEVELS/IB/IAL)
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Normative economics is concerned with value-judgements and opinions.
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Factors of Production (AS/A LEVELS/IB/IAL)
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Factors of production (Capital, Enterprise, Labour, Land) are used to produce goods and services.
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