Understanding Business Activity - IGCSE Business Studies Ch 1 (Part 1)

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Understanding Business Activity - IGCSE Business Studies Chapter 1 (Part 1).

- Needs 1:08
- Wants 2:16
- Difference b/w needs and wants 3:00
- Economic Problem 6:00
- 4 Factors of Production 10:47
- Land 13:11
- Labour 14:31
- Capital 15:35
- Enterprise 16:41
- Activity of Factors of Production 18:33
- Scarcity of Resources 22:20
- Opportunity Cost 25:16

Part 2 of Understanding Business Activity Contains:
- Specialization (Part 2)
- Division of Labour (Part 2)
- Added Value (Part 2)
- How to Increase Added Value (Part 2)

If you still have any confusion in any part of the lecture, feel free to contact me at the website or comment below with your question.

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