Archive for the 'Private Firm as Producer and Employer' Category

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Output, Costs, Revenue and Profit

Monday, February 1st, 2010

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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;
describe [...]

Categories: Economics, IGCSE Economics, Private Firm as Producer and Employer

Types of Firm (Types of Business)

Monday, January 4th, 2010

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 [...]

Categories: IGCSE Economics, Private Firm as Producer and Employer