This class was created by Brainscape user Ellie Millions. Visit their profile to learn more about the creator.
By:
Ellie Millions
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Decks in this class (23)
chapter 1 - growth
Economies of scale,
Diseconomies of scale,
Market power
18
cards
chapter 6 - using price elasticity of demand
Price elasticity of demand,
Goods are more price elastic if,
On a price elasticity demand grap...
10
cards
chapter 2 - ways to grow
Acquisition,
Backward vertical integration,
Conglomerate integration
18
cards
chapter 3 - innovation
Competitive advantage,
Government failure,
Innovation
15
cards
chapter 4 - effects of the digital market economy
Asymmetrical information,
Digital distribution,
Digital economy
13
cards
chapter 5 - small firm competition
X inefficiency,
5 reasons why forms remain small,
8 ways to differentiate
4
cards
chapter 7 - competing on price
9 factors affecting price of a pr...,
Mark up cost price,
Premium pricing
11
cards
chapter 8 - non price competition
6 types of promotion,
How does digital marketing collec...,
Over gaming
16
cards
chapter 9 - income elasticity of demand
Income elasticity of demand,
What will happen to demand of lux...,
What will happen to demand of inf...
10
cards
chapter 10 - productivity
Capital intensive,
Gdp per capita,
Human capital
17
cards
chapter 11 - capacity utilisation
Capacity,
Capacity utilisation,
Capacity utilisation equation
15
cards
chapter 12 - efficiency and competitiveness using lean production
Batch production,
Cell production,
Flow production
29
cards
chapter 16 - exchange rates
What might be an issue of a negat...,
The foreign exchange market is de...,
Floating exchange rate
8
cards
chapter 17 - the economic cycle
The economic cycle,
Economic affects of down turn on ...,
Economic affects of an upswing
7
cards
chapter 21 - possible macroeconomic objectives
Economic growth,
Aggregate demand equation,
5 things the macroeconomics is co...
12
cards
chapter 18 - flow of income
What is consumption affected by 5,
What is investment affected by 4,
What is government spending affec...
11
cards
chapter 19 - inflation
Cost push,
Demand pull,
Monetary
13
cards
chapter 20 - employment and unemployment
Unemployment,
Voluntary unemployment,
Under employment
19
cards
chapter 22 - macroeconomic policies
3 aims of fiscal policy,
Government spending,
Government tax
19
cards
chapter 23 - policy conflicts
Environment vs competitiveness,
Progressive taxes vs inflation,
Fiscal policy vs monetary policy
8
cards
chapter 13 - globalisation
0
cards
chapter 14 - developed, emerging and developing economies
0
cards
chapter 15 - international trade
0
cards
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economics - theme 2
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