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Economics - Coggle Diagram
Economics
6 key concepts
specialisation and trade independence
circular flow model
markets and allocation
scarcity
making choices
economic performance and living standers
4 key questions
how to produce
what to produce
for whom to produce
how much to produce
business opportunities
demographic
location
target market
competition
4 factors of production
capital
land
labour
enterprise
markets
labour
housing
foreign exchange
stock
types of business
company
sole trader
partnership
need
want
good
services