The private firm as producer and employer

This is the 4th Unit in Cambridge O Level Economics Syllabus.

In this unit, the following topics are covered. Click on the topics to see the tutorials.

1. Types of business organisations

2. Changes in the structure of business organisations

3. Determinants of demand for factors of production

4. Labour-intensive and capital-intensive production

5. Production and Productivity

6. Total and average cost, fixed and variable cost

7. Relationship between average cost and total output

8. Total and average revenue

9. Profit maximisation as a goal of business organisations

10. Pricing and output policies in perfect competition and monopoly

11. Main reasons for the different sizes of firms

12. Advantages and Disadvantages of Monopoly

Take a quiz on this chapter

Next Unit: Role of government in an economy

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