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Muhammad Rafay
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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
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economics a2
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