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shush shush
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Decks in this class (22)
Globalisation
Define globalisation 1,
Factors of globalisation 2,
Pros 3
16
cards
Specialisation and Trade
Absolute advantage 1,
Comparative advantage 2,
Assumptions for ca 3
10
cards
Costs
Fixed costs 1,
Variable costs 2,
Examples of fixed costs 3
7
cards
Efficiency
Allocative efficiency 1,
Formula for allocative efficiency 2,
Productive efficiency 3
11
cards
Economies of Scale
Economies of scale 1,
Internal eos 2,
Risk bearing 3
20
cards
Business Objectives
Benefits of profit maximisation 1,
Where does prrofit max occur 2,
Why don t businesses always profi...
16
cards
Measures of Development
Single indicators 1,
Gdp per capita 2,
Limitations of gdp per capita 3
11
cards
Factors influencing growth and development
Primary product dependency 1,
Problems of ppd 2,
Volatility of commodity prices 3
17
cards
Strategies Influencing Growth and Development
Trade liberation 1,
Tradlib benefits 2,
Tradlib costs 3
39
cards
Efficiency Analysis
Allocative efficiency 1,
Consumer analysis for allocative ...,
Producer analysis for allocative ...
12
cards
market failure
Market failure def 1,
Negative positive externalities 2,
De merit goods 3
6
cards
Public Expenditure
Capital expenditure 1,
Current expenditure 2,
Transfer payments 3
9
cards
Taxation
Types of taxes 1,
Impacts of tax on incentives to w...,
Impacts of tax on income distribu...
7
cards
market structures
Oligopoly definition 1,
Characteristics of an oligopoly 2,
Oligopoly vs monopoly 3
24
cards
Labour Market
Supply of labour factors 1,
Supply of labour factors eval 2,
Why does govt increase nmw 3
13
cards
Government Intervention Micro
Why should govt stop sale to fore...,
Sale to foreign company eval 2,
Controlling monopolies 3
16
cards
monopsony
Monopsony def 1,
Monopsony characteristics 2,
Monopsony cons 3
7
cards
macro jan 2023
Why would a country impose tariffs 1,
Decline for econ growth 2,
Expansionary policies to boost ec...
7
cards
25 markerzzz
Evaluate why wage differences exi...,
Why do firms engage in collusive ...,
Microeconomic consequences of swi...
19
cards
financial sector
Financial markets definition 1,
Roles of the financial markets 2,
Forward markets 3
13
cards
poverty and inequality
Absolute poverty 1,
Relative poverty 1,
Causes of poverty 2
12
cards
olipolgy and game theroy and shit#
Effect of price cuts on firms in ...,
Price vs non price strategies 2,
Why can price fixing occur 3
3
cards
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Economics
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