Almost there! Just a few clicks from the resource you need.
You can either checkout with the notes in your basket now, or find more notes. The choice is yours!
My Basket
A2 Economics : Business Economics - Competitive Markets and Perfect Competition
Simplified but detailed notes covering chapter 3 of Business Economics A2
£1.49 Preview RemovePrinciples of Financial Accounting
Explains the basics of a profit and loss sheet, cash-flow and types of organisations pros/cons.
£2.00 Preview RemoveEconomics 1051 Chapter 7-10
Chapter 7 Pure Competition Chapter 8 Pure Monopoly Chapter 9 Oligopoly Chapter 10 GDP & Economic Growth
£7.50 Preview RemoveSupply of money
The several definitions of the supply of money. from banking business to reserve requirements and more
£2.50 Preview RemoveTranslating the Financial Matters of Data in the Computerized Age
Economics is a social science that studies how individuals, businesses, governments, and societies allocate their scarce resources to satisfy their unlimited wants and needs. It encompasses the analysis of production, distribution, and consumption of goods and services, as well as the behavior of individuals and organizations in making economic decisions. Key concepts in economics include: Scarcity: Resources such as time, money, and natural resources are limited, while human wants and needs are virtually limitless. This fundamental scarcity necessitates choices and trade-offs. Supply and Demand: The relationship between the availability of goods and services (supply) and the desire for them (demand) is central to economic analysis. Prices are often determined by the intersection of supply and demand in a market. Opportunity Cost: Whenever a choice is made, there is an opportunity cost—the value of the next best alternative that must be forgone. Understanding opportunity costs is crucial in evaluating the efficiency of resource allocation. Market Structures: Economies can be characterized by different market structures, ranging from perfect competition to monopolies. The structure of markets influences pricing, competition, and economic efficiency. Macroeconomics: This branch of economics focuses on the overall performance and behavior of an economy. Key macroeconomic indicators include gross domestic product (GDP), inflation, and unemployment. Microeconomics: Microeconomics examines the economic decisions made by individuals, households, and firms. It analyzes how these decisions impact resource allocation and prices in specific markets. Economic Systems: Different societies adopt various economic systems, such as capitalism, socialism, and mixed economies. These systems determine how resources are owned, controlled, and distributed. International Trade: Economics also explores the interactions between different countries in terms of trade, exchange rates, and globalization. Comparative advantage and specialization play crucial roles in international trade theories. Economics provides valuable insights into the functioning of economies, helping policymakers, businesses, and individuals make informed decisions. It serves as a tool for understanding and addressing issues related to poverty, unemployment, inflation, and overall societal well-being.
£7.50 Preview Remove