This class was created by Brainscape user Muhammad Rafay. Visit their profile to learn more about the creator.
By:
Muhammad Rafay
- decks
- flashcards
- learners
Decks in this class (27)
3.1.1 - Sizes and types of firms
What are the reasons that firms s...,
What is the relationship between ...,
What could increased profit lead to
25
cards
3.1.2 - Business growth
What can a firm do if it becomes ...,
What are the two types of growth,
How can internal growth come about
26
cards
3.1.3 - Demergers
What are some reasons for demergers,
How can,
Why are demergers sometimes requi...
5
cards
3.2.1 - Business objectives
Go to the notion page
1
cards
3.3.1 - Revenue
What are revenues,
What are the three different type...,
What is total revenue
12
cards
3.3.2 - Costs
What is flexibility like in the s...,
How can firms vary the quantity o...,
What problem arises when wanting ...
18
cards
3.3.3 - Economies and diseconomies of scale
What are inputs like in the long run,
What is the shape of the lrac curve,
Why is the lrac curve in a u shape
26
cards
3.3.4 - Normal profits, supernormal profits and losses
When calculating costs what do ec...,
What is the equation for profit,
What is normal profit
11
cards
3.4.1 - Efficiency
What is efficiency,
What is productive efficiency,
On a lrac graph where is producti...
16
cards
3.4.2 - Perfect competition
What are the assumptions of perfe...,
Profit maximisation as an assumption,
Many participants as an assumption
18
cards
3.4.3 - Monopolistic competition
What are the model characteristic...,
What is the demand curve like for...,
What does differentiated products...
20
cards
3.4.4 - oligopoly
What does the concentration ratio...,
How can the concentration ratio b...,
What is an oligopoly market
47
cards
3.4.5 - Monopoly
What is a monopoly,
What are the assumptions to a mon...,
How do the characteristics of mon...
12
cards
3.4.6 - Monopsony
What is a monopsony,
Give an example of a monopsony,
What is monopsony power
16
cards
3.4.7 - Contestability
How can a firm prevent the entry ...,
What does a market have to be for...,
What are sunk costs
14
cards
3.5.1 - Demand for labour
What is a firm,
What is the aim of a firm,
What is one of the key factors of...
15
cards
3.5.2 - Supply for labour
What effects will an increase in ...,
In other words what can the wage ...,
What does an increase in wage rat...
19
cards
3.5.3 - Wage determination in competitive and non competitive markets
What is a zero hours contract,
Is sick pay included in a zero ho...,
Why do employers use zero hour co...
12
cards
3.6.1 - Government intervention
What does monopoly power result i...,
What can monopoly power lead to g...,
What are anti competitive practices
30
cards
4.1.1 - Globalisation
What is globalisation,
What are the aspects to globalisa...,
What can globalisation result in
40
cards
4.1.2 - Specialisation and trade
Define factor endowment,
Define product differentiation,
What does an uneven distribution ...
22
cards
4.1.6 - Restrictions on free trade
What is free trade,
What is protectionism,
Why do countries use trade restri...
35
cards
4.3.1 - Measures of development
What are the characteristics of a...,
What falls under a lack of human ...,
What can a lack of physical capit...
26
cards
4.3.2 - Factors influencing growth and development
What are the terms of trade,
What is the equation for terms of...,
How can you alter the terms of tr...
49
cards
4.3.3 - Strategies influencing growth
Why is trade liberalisation likel...,
What are the advantages of trade ...,
What are the disadvantages of tra...
26
cards
4.5.2 - Taxation
Define progressive taxation,
Define proportional taxation,
Define regressive taxation
25
cards
4.5.3 - Public sector finances
What is a discretionary fiscal po...,
What is an automatic stabiliser,
Do automatic stabilisers involve ...
44
cards
More about
Economics A2
- Class purpose General learning
Learn faster with Brainscape on your web, iPhone, or Android device. Study Muhammad Rafay's Economics A2 flashcards now!
How studying works.
Brainscape's adaptive web mobile flashcards system will drill you on your weaknesses, using a pattern guaranteed to help you learn more in less time.
Add your own flashcards.
Either request "Edit" access from the author, or make a copy of the class to edit as your own. And you can always create a totally new class of your own too!
What's Brainscape anyway?
Brainscape is a digital flashcards platform where you can find, create, share, and study any subject on the planet.
We use an adaptive study algorithm that is proven to help you learn faster and remember longer....
Looking for something else?
9708 Economics A2
- 25 decks
- 805 flashcards
- 15 learners
Decks:
2023 Uk Macro Main Stats, Utility, Budget Lines And Indifference Curve, And more!
French A2
- 39 decks
- 2213 flashcards
- 39 learners
Decks:
La Slovaquie Konverzacna Tema 17, La Vie Les Loisirs, Vocabulaire L1, And more!
Economics
- 25 decks
- 1413 flashcards
- 1553 learners
Decks:
Chapter 1 The Basic Economic Problem, Aggregate Demand And Supply, Chapter 3 Elasticity, And more!
