O Level Economics Notes by A Karim Lakhani (Ver 1)

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1
A. KARIM LAKHANI (0333- TUTOR4U) (0333-888-67-48) (tutor4u.com.pk) Page 3 of 44
04. Scarce Resources & Unlimited Wants

05. Needs and Wants & Opportunity Cost
06. Factors of Production & Stages of Production
07. Specialisation and the Division of Labour
08. Economic Systems
10. Types of Business Ownership
11. Money & Banking
12. Demand
14. Supply
16. Price Equilibrium
18. Taxes & Subsidies
19. Price Elasticity of Demand
20. Price Elasticity of Supply
20. Business Objectives & Competition
21. Monopoly
22. Growth of Businesses Integration
23. Economies of Scale
23. Types of Business Integration
24. Business Location Decisions
25. Choice of Occupations & Earning Spending Patterns
26. Business Costs
28. Diseconomies of Scale
29. Government Economic Objectives
30. Circular Flow of Income
31. Economic Growth
32. Business & Trade Cycles
33. Unemployment
34. Inflation
36. Developed & Developing Economies
37. Factors affecting Population
37. International Trade
39. Method of Trade Protection
42. Arguments For & Against Free Trade

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O Level Economics Notes by A Karim Lakhani (Ver 1)

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Ver.

04. Scarce Resources & Unlimited Wants

A. KARIM LAKHANI (0333- TUTOR4U) (0333-888-67-48) (tutor4u.com.pk) Page 3 of 44

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