In this chapter, “Classification of Business” we will cover the following main topics of 0450 Business Studies for IGCSE and 7115 O-Level Business Studies in detail. You can get IGCSE Revision Notes, Activities, Worksheets, Past Papers, Topical, Exam Style Questions from Sir Afzal Shad.
- 3 Sectors of Business
- Primary Sector of Business
- Secondary Sector of Business
- Tertiary Sector of Business
- Relative Importance of Sectors
Topics to be covered for Chapter 2 – Classification of Business
Step 1: Watch Lecture of Chapter 2 Business Studies
Step 2: Solve Chapter 2 Business Studies Worksheet
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Step 3: Classification of Business Revision Notes
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- To the Point and Cambridge Endorsed Definitions & Explanations
- Sample Questions from the Past Papers
- Activities / Case Studies included for Practice
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Needs, Wants, Difference b/w needs and wants, Economic Problem, 4 Factors of Production, Land, Labor, Capital, Enterprise, Activity of Factors of Production, Scarcity of Resources, Opportunity Cost.