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Topic 1-Market,consumers and firms
1.1-Scarcity,choice and potential conflicts.
1.1.3-Stakeholders
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Stakeholders-
Employees
Customers
Shareholders
Government
Community
Financial Instructions
Suppliers
Economic agents-Individuals firms
and
government
that partake in
economic activity
Government
objectives-Maximise
welfare
of society.
Self interest
Firms-Profit
maximisation
Individuals-Maximise personal
and
economic
wellbeing