Economics GCSE
The Economic Problem
What The Economic Problem means in Economics GCSE, as defined for Pearson Edexcel.
Definition of The Economic Problem
How to allocate scarce resources to satisfy unlimited human wants.
Topics that use The Economic Problem
- The economic problem (Pearson Edexcel GCSE)
Related terms
Using The Economic Problem in the exam
Definition questions usually carry one or two marks, and examiners look for the precise wording. Write the definition from memory, check it against the version above, and then use the term in a longer answer on the same topic so it sticks.
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