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Economics Theme 3 revised

This class was created by Brainscape user Jonny Philp. Visit their profile to learn more about the creator.

By: Jonny Philp
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Decks in this class (17)

1- Business growth definitions
Organic growth 1,
Vertical integration 2,
Forwards vertical integration 3
6  cards
1- Business growth
How does organic growth take place 1,
Advantages of organic growth 2,
Disadvantages of organic growth 3
14  cards
1- Business growth evaluation
0  cards
2- Business objectives definitions
Profit satisficing 1,
Profit maximisation 2,
Revenue maximisation 3
6  cards
2- Business objectives
Different business objectives 1,
Why firms short term profit maxim...,
Why firms revenue maximise 3
6  cards
2- Business objectives evaluation
0  cards
3- Economies and diseconomies of scale definitions
Economies of scale 1,
Diseconomies of scale 2,
Internal economies of scale 3
6  cards
3- Economies and diseconomies of scale
Types of internal economies of sc...,
Types of external economies of sc...,
Technical economies of scale 3
17  cards
3- Economies and diseconomies of scale evaluation
0  cards
Labour markets- wage diffrentials
Reasons for wage diffrentials 1,
Why footballers get paid more tha...,
Why a north and south wage divide 3
7  cards
Privatisation Vs Nationalisation
Privatisation definition 1,
Nationalisation definition 2,
Advantages of privatisation 3
6  cards
Government Intervention
How to control mergers 1,
Problems with controlling mergers 2,
Ways to control monopolies 3
29  cards
Oligopoly
Factors which increase the chance...,
Advantages of collusion 2,
Disadvantages of collusion 3
6  cards
Monopoly
Examples of barriers to entry 1,
Benefits of price discrimination 2,
Price discrimination evaluation 3
3  cards
Elasticities of labour
Elasticity of labour demand 1,
Factors which affect elasticity o...,
Elasticity of labour supply 3
4  cards
Contestability
Contestable market 1,
Characteristics of a contestable ...,
Implications of high contestabili...
11  cards
Business objectives
Why profit max 1,
Why not profit max 2,
Why rev max 3
5  cards

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Economics Theme 3 revised

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