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Economics Year 12 Theme 1 > KT12: 1.5.1 Market failure and externalities, 1.5.2 Government intervention and failure > Flashcards

KT12: 1.5.1 Market failure and externalities, 1.5.2 Government intervention and failure Flashcards

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Economics Year 12 Theme 1 (12 decks)

KT1: 1.1.1 The Economic Problem

KT2: 1.1.2 Business objectives, 1.2.1 Role of an entrepreneur

KT 3: 1.2.3 Factors of production, 1.3.1 Demand, 1.3.2 Supply

KT4: 1.2.2 Entrepreneurial motives, 1.1.3 Stakeholders and objectives

KT5: 1.3.3 Price Determination, 1.3.4 Price Mechanism

KT6: 1.2.4 Specialisation, 1.3.5 Understanding the consumer

KT7: 1.3.6 The competition, 1.6.1 Revenue and costs

KT8: 1.4.2 Risk and liability, 1.4.3 Types and sources of credit and the impact of credit within the economy

KT9: 1.6.2 The relationship between revenue and costs, 1.6.3 Profit and loss

KT10: 1.4.1 Role of banks in the economy, 1.2.5 The wider economic environment

KKT11: 1.6.4 Business survival and cash flow, 2.2.1 Price Elasticity of Demand

KT12: 1.5.1 Market failure and externalities, 1.5.2 Government intervention and failure

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