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Economics (Theme 2)

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

By: Najma Ahmed
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Decks in this class (16)

2.1.1 Growth
Objectives of growth 1,
When does internal economies of s...,
Examples of internal economies of...
20  cards
2.1.2 Methods Of Growth
What is organic growth also calle...,
How does firms grow inorganically 2,
Advantages of organic growth 3
12  cards
2.1.3 Research and development (R&D) and innovation
What is r d 1,
How can r d increase market power 2,
What is product innovation 3
8  cards
2.1.4 How the digital economy affects markets & firms
2 strategies of market informatio...,
What is price comparison sites 2,
Advantage of price comparison sit...
15  cards
2.1.5 How small firms compete
Small firm survival in competitiv...,
Economies of scale relative to ma...,
Diseconomies of scale 3
4  cards
2.2.1 Price elasticity of demand (PED)
What is the price elasticity of d...,
Formula for ped 2,
What is the numerical value for p...
18  cards
2.2.2 Competing on price
Pricing strategies there s 6 1,
What is cost plus calculating mar...,
Advantages and disadvantages of c...
8  cards
2.2.3 Types of non-price competition
The impact of marketing on the de...,
What is product differentiation 2,
What is advertising and other pro...
4  cards
2.2.4 Income elasticity of demand (YED)
What is income elasticity of dema...,
What is the formula for yed 2,
How does income level change 3
10  cards
2.3.1 Productivity
Blank 1,
Define productivity 2,
What does being more productive m...
16  cards
2.3.2 Capacity utilisation
What is capacity utilisation 1,
How is capacity utilisation calcu...,
What does it mean if a business i...
10  cards
2.3.3 Efficiency & competitiveness using lean production
Define lean production 1,
What does lean production aim for...,
The following strategies could be...
11  cards
2.3.4 Impact on costs & sales revenue
How does fallen in average costs ...,
Being more efficient could lead to 2,
What is lead time 3
4  cards
2.4.1 Globalisation
What is globalisation 1,
What has the spread of globalisat...,
Factors contributing to globalisa...
11  cards
2.4.2 Developed, emerging & developing economies
Indicators of growth there s 3 on...,
What is gdp per capita 2,
Disadvantages of gdp 3
18  cards
2.4.3 International trade
What is comparative advantage 1,
When does absolute advantage occur 2,
Trading blocs there s 4 on here 3
15  cards

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Economics (Theme 2)

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