Edexcel A Level Economics Study guides, Class notes & Summaries

Backwards vertical integration - ANSWERSa joining together into one firm of two or more firms where the purchaser merges with/takes over one or more of its suppliers Conglomerate integration - ANSWERSa joining together into one firm of two or more firms producing unrelated products Demerger - ANSWERSwhen a firm splits into two or more independent businesses Divorce of ownership from control - ANSWERSwhen managers and directors of a business are different from the owners of a business (t...

Economics - ANSWERSThe study of the allocation of scarce resources. Economic Goods - ANSWERSResources that are scarce. Short Run - ANSWERSA time period where at least one factor of production is fixed. Long Run - ANSWERSA time period where all factors of production are variable. Productivity - ANSWERSThe output per unit of input. The Economic Problem - ANSWERSResources are scarce but wants are infinite. Scarcity - ANSWERSThe world's resources are limited, there are only limite...

Edexcel A-Level Economics Exam Update (Economic Definitions) 2023- 2024 Questions and Correct Answers Rated A+

Edexcel A-Level Economics Exam Update (Economic Definitions) 2023- 2024 Questions and Correct Answers Rated A+

Edexcel A-Level Economics Exam Update (Economic Definitions) 2023- 2024 Questions and Correct Answers Rated A+

Edexcel A-level Economics Paper 1 2024/2025 questions and correct answers Economics - answer The study of the allocation of scarce resources. Economic Goods - answer Resources that are scarce. Short Run - answer A time period where at least one factor of production is fixed. Long Run - answer A time period where all factors of production are variable. Productivity - answer The output per unit of input. The Economic Problem - answer Resources are scarce but wants are infinite. Sca...

Edexcel A-Level Economics

Edexcel A-Level Economics

Pearson Edexcel Level 3 GCE Monday 5 June 2023 Morning (Time: 2 hours) Paper reference 9EC0/03 Total Marks Economics A Advanced PAPER 3: Microeconomics and Macroeconomics You do not need any other materials. Instructions • Use black ink or ball-point pen. • Fill in the boxes at the top of this page with your name, centre number and candidate number. • There are two sections in this question paper. • In Section A, answer all questions 1(a) to 1(c) and one question from 1(d) o...

Pearson Edexcel Level 3 GCE Monday 5 June 2023 Morning (Time: 2 hours) Paper reference 9EC0/03 Total Marks Economics A Advanced PAPER 3: Microeconomics and Macroeconomics You do not need any other materials. Instructions • Use black ink or ball-point pen. • Fill in the boxes at the top of this page with your name, centre number and candidate number. • There are two sections in this question paper. • In Section A, answer all questions 1(a) to 1(c) and one question from 1(d) o...