Search over 10,000 free study notes

Quantitative easing is a monetary policy instrument undertaken by the central bank. The aim of the policy is to increase money supply (liquidity) in the economy - encouraging spending and investment. 

Less free trade with EU

The European Union is an important source and target for inward investment. Many European companies have invested in the UK and the UK earns revenue from in...

To get a firm's long run average cost, you need to divide the total cost by quantity. As such, (1000Q - 30Q² + Q³)/Q = 1000 - 30Q + Q². From this we can see that the long ...

Some important conditions of perfect competition are that all firms sell an identical (homogeneous) product, there is a large number of buyers and sellers, and no one buyer or seller can influence the rul...

This is an example of a 5 marker in the second part of new spec edexcel paper 1

1 mark for defining supply and demand

1 mark for applying it to context (text provided in the exam) 

3 ...