Economics Theme 3

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

By: Millie Adkins
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Decks in this class (18)

3.1.1- Size And Types Of Firms
What are the types of legal busin...,
How many partners can there be in...,
Who is a public limited company o...
18  cards
3.1.2- Business Growth
What is organic growth 1,
What are the types of organic gro...,
What is market penetration 3
41  cards
3.1.3- Demergers
What is a demerger 1,
What is an example of a demerger 2,
What are the reasons for demergers 3
9  cards
3.2.1- Business objectives
What are examples of business obj...,
What do neo classical economists ...,
Where is profit max on a graph 3
18  cards
3.3.1- Revenue
What is total revenue 1,
What is average revenue 2,
What is marginal revenue 3
5  cards
3.3.2- Costs
What is an economic cost 1,
What is fixed in the short run 2,
What is total cost 3
16  cards
3.3.3- Economies And Diseconomies Of Scale
What are the internal economies o...,
What are technical economies of s...,
What are financial economies of s...
18  cards
3.3.4- Normal Profits, Supernormal Profits And Losses
What is profit 1,
What are the objectives a firms c...,
When does profit maximisation occ...
18  cards
3.4.2- Perfect Competition
What are the characteristics of p...,
What is an example of something t...,
Why is no snp made in the long ru...
10  cards
3.4.3- Monopolistic competition
What are some examples of monopol...,
What are the characteristics of m...,
What happens in the long run 3
6  cards
3.4.4- Oligopoly
What are the characteristics of a...,
What happens if a firm in an olig...,
What happens if a firm in an olig...
41  cards
3.4.5- Monopoly
What is a pure monopoly 1,
What is one of the closest exampl...,
What is a legal monopoly in the uk 3
38  cards
3.4.6- Monopsony
What are the characteristics of a...,
What type of barriers to entry ca...,
What is an example of a monopsoni...
25  cards
3.4.7- Contestability
What is a contestable market 1,
What are the characteristics of a...,
What is an example of a contestab...
16  cards
3.5.1- Demand For Labour
What is the labour market 1,
What type of demand is labour 2,
What is the demand for labour det...
26  cards
3.5.2- Supply Of Labour
What is supply of labour 1,
Why is the labour supply curve up...,
What are the factors affecting la...
27  cards
3.5.3- Wage Determination
Why do wages differ in an occupat...,
What factors are illegal to diffe...,
What does immobility of labour ca...
37  cards
3.6.1- Government intervention
What is the name of the departmen...,
What does the cma do 2,
When is a merger investigated 3
73  cards

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Economics Theme 3

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