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Economics A-Level Theme 3: Business Behaviour & The Labour Market (Edexcel)

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

By: Dany Malik
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Decks in this class (20)

3.1.1: Sizes & Types Of Firms
Why do firms tend to remain small,
Why do firms tend to grow,
What is the principal principal a...
22  cards
3.1.2: Business Growth
What are the 2 types of growth,
What is organic growth,
What are advantages of organic gr...
22  cards
3.1.3: Demergers
What is a demerger,
What are the reasons for demergers,
How is lack of synergies a reason...
9  cards
3.2.1: Business Objectives
Who can determine business object...,
What are the different business o...,
Why would firms profit maximise
9  cards
3.3.1: Revenue
What is total revenue,
What is average revenue,
What is marginal revenue
7  cards
3.3.2: Costs
What is economic cost,
What are fixed costs,
What are variable costs
20  cards
3.3.3: Economies & Diseconomies Of Scale
What are economies of scale,
What are diseconomies of scale,
What is the minimum efficient scale
30  cards
3.3.4: Normal Profits, Supernormal Profits And Losses
What is profit,
What are the two conditions for p...,
Where is profit maximised tr tc
13  cards
3.4.1: Efficiency
What is efficiency,
What are the four types of effici...,
What is allocative efficiency
11  cards
3.4.2: Perfect Competition
What is perfect competition,
What are the characteristics of p...,
Short run perfect competition graph
10  cards
3.4.3: Monopolistic Competition
What is monopolistic competition,
What are the characteristics of m...,
Short run monopolistic competitio...
9  cards
3.4.4: Oligopoly
What is an oligopoly,
What are the characteristics of a...,
What is the n firm concentration ...
27  cards
3.4.5: Monopoly
What is a pure monopoly,
What is a working monopoly,
What is an example of a pure mono...
25  cards
3.4.6: Monopsony
What is a pure monopsony,
What is monopsony power,
What are the characteristics cond...
8  cards
3.4.7: Contestability
What is a contestable market,
What are the characteristics of a...,
What is hit run competition
10  cards
3.5.1: Demand For Labour
What is demand for labour,
Demand for labour is a ________ _...,
What is derived demand
4  cards
3.5.2: Supply For Labour
What is supply for labour,
What determines supply for labour,
What factors affect supply for la...
6  cards
3.5.3: Wage Determination In Competitive & Non-Competitive Markets
What is labour market equilibrium,
Labour market equilibrium for per...,
What does the
18  cards
3.6.1: Government Intervention
What are the four types of govern...,
What organisation aids in governm...,
How does government intervention ...
38  cards
3.6.2: The Impact Of Government Intervention
What are the factors that are aff...,
What are the limits to government...,
What is the impact of government ...
9  cards

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Economics A-Level Theme 3: Business Behaviour & The Labour Market (Edexcel)

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