Work Sheet: The Nature of the Economic Problem & Factors of Production, ‘pdf.’ IGCSE Economics syllabus. Engage your pupils, relax, and simply guide them. All you need to do is print out the part you want to use, Explain and/or discuss the sub topic for 5 - 10 minutes and watch them learn by themselves, as they work on the tasks. Answers provided.
Content
Finite resources and unlimited wants. Economic and free goods. Definition and examples of the economic problem in the contexts of: consumers; workers; producers; and governments. The difference between economic goods and free goods. Factors of production.
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