1.3 Opportunity cost

Download PDF

1.3 Opportunity cost Revision Notes for IGCSE Economics

Syllabus Objectives

Topics:

  • 1.3.1 definition of opportunity cost
  • 1.3.2 the influence of opportunity cost on decision making

Guidance :

  • Definition and examples of opportunity cost in different contexts.
  • Decisions made by consumers, workers, producers and governments when allocating their resources.

Revision Notes

Note:

 

  • The video is  a preview of our revision notes
  • Note that notes get revised from time to time as per expert advice. 
  • All the IGCSE Economics Notes   are meant for revision and hence are fully downloadable as well as printable once you become a paid member.

Next Previous