[Image: nDevilTV Some rights reserved] The Cambridge IGCSE syllabus requires us to have a good understanding of the following: define total and average cost, fixed and variable cost and perform simple calculations; analyse particular situations to show changes in total and average cost as output changes; define total and average revenue and perform simple calculations; [...]
The Cambridge IGCSE Economics syllabus requires students to describe (and therefore understand) the following as part of section 4.4 The private firm as producer and employer: the type of business organisation in the public and private sectors: sole proprietors, partnerships, private companies, public companies, multi-nationals, co-operatives, public corporations; To start us thinking about some of [...]
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