• Increase font size
  • Default font size
  • Decrease font size
You are here: IGCSE Economics Individual as producer, consumer

Want to find out more ? Type here


Individual as producer, consumer

Learning Outcomes

  • describe the functions of money and the need for exchange;
  • describe the functions of central banks, stock exchanges, commercial banks;
  • identify the factors affecting an individual’s choice of occupation (wage factors and non-wage factors);
  • describe likely changes in earnings over time for an individual;
  • describe the differences in earnings between different occupational groups (male/female; skilled/unskilled; private/public; agricultural/manufacturing/services);
  • describe trade unions and their role in an economy;
  • describe the benefits and disadvantages of specialisation for the individual;
  • analyse the different motives for spending, saving and borrowing;
  • discuss how and why different income groups have different expenditure patterns (spending, saving and borrowing).
  • Revision notes ( 19 Articles )
  • Interactive revision quizzes ( 9 Articles )

Facebook Comments

Share on Myspace

Content of this website is protected by copyright laws. Please refer to our terms of use

Download our Android app

Did you know that your Internet Explorer 6 (IE6) is out of date?

This template is compatible with IE6, however your experience will be enhanced with a newer browser.

To get the best possible experience using our website we recommend that you upgrade to a newer version or other web browser. A list of the most popular web browsers can be found below