Revision IGCSE Business Studies: Unit 1 – 1.1-1.3 Crash Course скачать в хорошем качестве

Revision IGCSE Business Studies: Unit 1 – 1.1-1.3 Crash Course

In this video, I give a revision crash course on Chapter 1 of IGCSE Business Studies, specifically covering 1.1 Business Activity, 1.2 Classification of Businesses, and 1.3 Enterprise, Growth, and Size. It's a complete walkthrough of all key concepts. I explain needs vs wants, scarcity, opportunity cost, specialisation, and adding value. I also go through the classification of businesses (primary, secondary, tertiary sectors), the difference between public and private sector enterprises, and what makes entrepreneurs successful. Finally, I break down business growth, measuring size, and why some businesses fail. This topic appears in both Paper 1 and Paper 2 of the IGCSE Business Studies exam. It’s tested through short-answer, data response, and extended evaluation questions. Timestamps 0:00 – Intro 0:36 – 1.1 Business Activity 5:00 – 1.2 Classification of Businesses 16:19 – 1.3 Enterprise, Growth, and Business Size