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
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
Next Unit: Role of government in an economy