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The CSE broadly covered GCSE grades C–G or 4–1 and the O-Level covered grades A*–C or 9–4, but the two were independent qualifications, with different grading systems. The separate qualifications were criticised for disadvantaging the bottom 42% of O-Level entrants, who failed to receive a qualification, and the highest-achieving CSE ...
Adam Smith in his writing on economics stressed the importance of laissez-faire principles outlining the operation of the market in the absence of dominant political mechanisms of control, while Karl Marx discussed the working of the market in the presence of a controlled economy [2] sometimes referred to as a command economy in the literature ...
Transformation problem: The transformation problem is the problem specific to Marxist economics, and not to economics in general, of finding a general rule by which to transform the values of commodities based on socially necessary labour time into the competitive prices of the marketplace. The essential difficulty is how to reconcile profit in ...
The Singapore-Cambridge General Certificate of Education Ordinary Level (or Singapore-Cambridge GCE O-Level) is a GCE Ordinary Level examination held annually in Singapore and is jointly conducted by the Ministry of Education (MOE), Singapore Examinations and Assessment Board (SEAB) and the University of Cambridge Local Examinations Syndicate (UCLES). [1]
Those three jurisdictions replaced O-Level gradually with General Certificate of Secondary Education (GCSE) completely by 1988 and, the International General Certificate of Secondary Education (IGCSE) over time. The Scottish equivalent was the O-grade (replaced by the Standard Grade).
Opportunity cost is the concept of ensuring efficient use of scarce resources, [25] a concept that is central to health economics. The massive increase in the need for intensive care has largely limited and exacerbated the department's ability to address routine health problems.
However, in England and Wales, the high school diploma is considered to be at the level of the General Certificate of Secondary Education (GCSE), which is awarded at Year 11. [5] [6] For college and university admissions, the high school diploma may be accepted in lieu of the GCSE if an average grade of C is obtained in subjects with a GCSE ...
4.1 Economics. 4.1.1 Political economy. ... "the distinguishing mark of the firm is the super-session of the price mechanism". [2] ... however, is the question: how ...