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Economics
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Explain the factors which determine the level of demand for a good or service

To answer this questions I would reccomend learning the following acronym WISPER CAT

The factors which affect the level of demand are:

Weather

I...

Answered by Joel G. Economics tutor
6944 Views

What is economic growth and how can it improve living standards?

Economic growth is defined as an increase in the productive potential of an economy. It is measured in percentage growth of GDP (Gross Domestic Product), year on year. India's rate of economic growth i...

Answered by Thomas W. Economics tutor
53905 Views

Does a higher NMW increase the distribution of income?

This depends on a multitude of factors and is tricky to answer.

One of the ways in which a higher NMW, which the latest government is implementing, would reduce inequality, is simply beca...

Answered by Thomas W. Economics tutor
2338 Views

Define the term ‘derived demand’

The demand for a good or service reulting from or leads to the demand for another good or service. 

Answered by Luckksha L. Economics tutor
3116 Views

What is the best way to revise for Transport Economics?

Past material. This is by far the most effective way to earn the most marks in the exam. Utilising past papers, markschemes and examiner reports are essential in securing your A-Level success. 

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Answered by Charles P. Economics tutor
2364 Views

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