Manage Resources

3.1 Explain how scarcity of economic resources results in individuals having to make choices; predict possible consequences of these choices
3.2 Explain how individuals, organisations (for profit and not-for-profit) and the government work together to distribute economic resources used to produce goods and services
3.3 Evaluate how changes in the supply and demand of goods and services in different markets can affect prices
3.4 Differentiate between different sources of government revenue and government expenditure