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EDEXCEL THEME 3 ECONOMICS

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

By: Caroline Harfield
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Decks in this class (20)

CHAPTER 41 BUSINESS GROWTH
Backward vertical integration,
Conglomerate integration or merger,
Demerger
14  cards
CHAPTER 42 REVENUE
Average revenue,
Marginal revenue,
Total revenue
3  cards
CHAPTER 43 PRODUCTION
Average product,
Law of diminishing returns or var...,
Long run
8  cards
CHAPTER 44 COSTS
Average cost,
Average fixed cost,
Average variable cost
18  cards
CHAPTER 45 PROFIT
Abnormal profit,
Break even point,
Normal profit
3  cards
CHAPTER 46 MARKET STRUCTURE
Barriers to entry,
Barriers to exist,
Brand
18  cards
CHAPTER 47 PERFECT COMPETITION
Perfect competition,
Price taker
2  cards
CHAPTER 48 MOMOPLOLISTIC COMPETITION
Monopolistic competition
1  cards
CHAPTER 49 OLIGOPOLY
Cartel,
Collusion,
Collusive oligopoly
19  cards
CHAPTER 50 MONOPOLY
Monopolist,
Monopoly or pure monopoly,
Monopoly power
4  cards
CHAPTER 51 MONOPSONY
Monopsony
1  cards
CHAPTER 52 CONTESTABILITY
Contestable market,
Hit and run competition
2  cards
CHAPTER 53 BUSINESS OBJECTIVES
Consumer sovereignty,
Cost plus pricing,
Profit maximisation
6  cards
CHAPTER 54 EFFICIENCY
Allocative or economic efficiency,
Dynamic efficiency,
Productive efficiency
7  cards
CHAPTER 55 EVALUATING COMPETITION AND MONOPOLY
Creative destruction,
Multi plant monopolist
2  cards
CHAPTER 56 GOVERNMENT INTERVENTION AND PRODUCT MARKETS
Competitive tendering,
Contracting out,
Deregulation
6  cards
CHAPTER 57 DEMAND FOR LABOUR
Elasticity of demand for labour,
Marginal physical product,
Marginal revenue product
5  cards
CHAPTER 58 SUPPLY OF LABOUR
Activity or participation rates,
Economically active,
Net migration
6  cards
CHAPTER 59 WAGE DETERMINATION
Bilateral monopoly
1  cards
CHAPTER 60 GOVERNEMNT INTERVENTION IN LABOUR MARKETS
Minimum wage
1  cards

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EDEXCEL THEME 3 ECONOMICS

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