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Economics Notes

The Economic Problem

Mind Maps have been produced to introduce topics and give students an overview of key topics being studied. The maps can be viewed as a whole page or, for those who prefer a more linear approach, as a text version.

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• Wants, which links to...
• Needs, which links to...
• Scarce Resources:
  • Land
    • Rent
  • Labour
    • Wages
  • Capital
    • Interest
  • Enterprise
    • Profit
  • Uneven Distribution
• The Science of Choice (linked to Scarce Resources)
  • Value
  • Utility
  • Sacrifice
    • Opportunity Cost

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