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This revision guide covers all of the topics in Theme 1, Markets, Consumers and Firms, including: Scarcity, Choice and Potential Conflicts; Enterprise, Business and the Economy; Introducing the Market; The Role of Credit in the Economy; Market Failure and Government Intervention; Revenue, Costs, Profit and Cash.
As you read through the content, there are multiple choice questions for you to answer to ensure you have remembered the information. At the end of each topic there are practise questions to help you develop the skill of writing answers for the exam.
There is also a PowerPoint Presentation version that acts as a lesson that you can use to learn and revise the content in this component.