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Economics Theme 3

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

By: Achi Prashanth
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Decks in this class (9)

LS1 - Sizes and Types of Firms & LS2 - Business Growth
Reason why some firms remain small,
Reasons why firms seek growth,
Types of firms
7  cards
LS3 - Costs and Revenues
Total costs,
Law of diminishing returns,
Fixed costs
9  cards
LS4 - Economies and Diseconomies of Scale
Returns to scale,
Economies vs diseconomies of scale,
Types of economies of scale
5  cards
LS6 - Business Objectives
Profit maximisation,
Revenue maximisation,
Sales maximisation
5  cards
LS7 - Efficiency
Efficiency,
Productive efficiency,
Allocative efficiency
5  cards
Market Structures
Pc model,
Efficiency in pc,
Monopoly model
17  cards
Labour Market
Individual labour supply,
Industry labour supply,
Geographical immobility of labour
5  cards
LS16 - Regulation
Dangers of monopoly power,
Anti competitive practices,
Competition policy
14  cards
LS17 - Competition, Protecting Suppliers and Workers
Sme,
Start up,
Why should governments supports s...
14  cards

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Economics Theme 3

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