Скачать или смотреть IGCSE Economics Chapter 8 Supply Complete Explanation

📘 IGCSE Economics Chapter 8: Supply | Complete Explanation

Welcome back to our IGCSE Economics series! In this lesson, we break down Chapter 8: Supply into simple, clear, and exam-focused explanations. Perfect for IGCSE or O-Level students who want to master supply and its key concepts quickly.

🔑 What You’ll Learn in This Video
What is supply? (definition and difference between quantity supplied & market supply)
The Law of Supply – understanding the positive relationship between price and supply
Extension & contraction of supply – movements along the supply curve caused by price changes
Shifts in the supply curve – how non-price factors change supply

Determinants of supply:
Cost of production
Resource availability
Technological changes
Profitability of other products
External factors like weather, disasters, or war

📝 Why This Video is Important
Explains supply with real-life examples (e.g., how higher prices encourage producers to increase output).
Distinguishes between movements along the curve vs. shifts of the curve, which is a common exam question.
Summarises the main factors that cause supply to increase or decrease.

📚 Perfect For
IGCSE / O-Level Economics students
Teachers and tutors looking for classroom-friendly resources
Anyone who wants a clear understanding of supply in Economics

💡 Study Tip
👉 Practice drawing supply curves with examples of extensions, contractions, and shifts — examiners love these diagrams!
👉 Review past paper questions focusing on “law of supply” and “factors affecting supply” to test your knowledge.

🔖 Hashtags
#IGCSEEcon #EconomicsForBeginners #LawOfSupply #SupplyCurve #EconomicsExplained #StudyWithMe

✨ If this video helps you, don’t forget to Like 👍, Subscribe 🔔, and Share with your classmates. Drop your questions in the comments, and we’ll answer them in upcoming lessons!