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Підсумковий контроль

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Why do producers aim to sell at high prices?
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What does “elasticity” mean in the phrase “price elasticity also affects supply and demand”?

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What is the definition of labour in economic terms?

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What does "extraction" mean in the phrase "specialising in the extraction and production of resources"?

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What does "fixed capital" include?

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What is investment in economic terms?

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What would happen if oil companies charged £2.15 per litre for petrol?
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What does "GDP" stand for?

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What is the role of land as a factor of production?

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