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Growth is typically considered great - improvement in GDP per capita, incomes and living standards. However, if asked in the exam, there is something for you to mention.
Firstly, consider...
This is a typical essay question taken from an AQA A2 Past Paper. In class, I encourage my students to draft essay plans to elaborate their arguments and develop their analytical thinking skills. Once ...
- Barriers to entry, for example patents, restrict the number of competitors in a market. They may be deliberate, e.g. patents, or inherent in the good, e.g. water. Where they are inehrent, a 'natural...
Interest rates on bonds increase, leading tp increased costs of borrowing. Leads to
a) fall in business investment, which reduces both AD and LRAS (i.e fall in economic growth)
This is the market structure that is more commonly found in the real world. It borrows its characteristics heavily from both perfectly competitive markets and monopolies. It's characteristics are as follo...
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