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Edexcel B A Level Economics

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

By: Zakia Nawis
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Decks in this class (17)

1.1: Scarcity, choice and potential conflicts
What are the,
Free market economy,
Opportunity cost
31  cards
1.5 Market failure and govt intervention
What is market failure,
What does non rival mean,
What does non excludable mean
42  cards
1.2: Enterprise, business and the economy
Creative destruction,
Entrepreneur,
Added value
45  cards
1.3: Introducing the market - the price mechanism
Market,
Buyers,
Sellers
47  cards
1.4: The role of credit in the economy
Banks,
Interest payments,
Working capital
53  cards
2.1: Businesses & growth
Why would a business want to grow,
Describe economies of scale,
When do internal economies of sca...
52  cards
2.4: Life in a global economy
What is globalisation,
What is fdi,
Describe the role of increasing f...
40  cards
1.3: Markets, consumers and competition
What is market research,
Why do businesses need market res...,
What does market research do
44  cards
1.6 Revenue, costs, profits and cash
Sales revenue calculation,
Average cost calculation,
Sales volume
33  cards
2.3 Productive efficiency
Productivity,
Labour productivity equation,
Production vs productivity
49  cards
2.5 The economic cycle
What does the economic cycle desc...,
What is a boom,
What is a do
16  cards
3.1: Globalisation
0  cards
3.2: Economic factors in business expansion
0  cards
3.3: Impact of globalisation on global economies
0  cards
3.4: Impact of globalisation on global and national economies
0  cards
3.5: Global labour markets
0  cards
3.6: Inequality and redistribution
0  cards

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Edexcel B A Level Economics

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