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An oligopoly is a type of market structure. A good example to think about would be the supermarket industry, where we can see our main suppliers of this industry are the likes of Tesco, Asda, Aldi etc. In...
We have inverse aggregate supply and demand curve and our product is sold at the market equilibrium price. We know that a demand curve is downward sloping, that means there will be less goods demanded at ...
‘Interest rates’ refer to the return on savings and cost of borrowing in a country. If interest rates were to fall in a country, such as the UK, it would become less profitable to save money there. This m...
Before starting, it is important to note that the property market is different to other markets as building new houses/flats takes time, so the supply of accomodation cannot be increased quickly. Therefor...
Define what investment is: spending by firms on capital goods (eg. machinery). Then analyse the effect of the change in the question: Investment is component of the equation Y=C+I+G+NXIncreasing investmen...
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