Relevant Exam Boards: A-Level (Edexcel, OCR, AQA, Eduqas, WJEC), IB, IAL, CIE Edexcel Economics Notes Directory | AQA Economics Notes Directory | IB Economics Notes Directory Price Controls Definition: Price Controls are a type of government intervention in markets to change the existing market price, by imposing a maximum price […]
Daily Archives: April 14, 2020
Relevant Exam Boards: A-Level (Edexcel, OCR, AQA, Eduqas, WJEC), IB, IAL, CIE Edexcel Economics Notes Directory | AQA Economics Notes Directory | IB Economics Notes Directory The Multiplier Effect Definition: The Multiplier Effect suggests that an injection into the circular flow of income (or AD) leads to a larger than […]
Relevant Exam Boards: A-Level (Edexcel, OCR, AQA, Eduqas, WJEC), IB, IAL, CIE Edexcel Economics Notes Directory | AQA Economics Notes Directory | IB Economics Notes Directory Subsidies Definition: Subsidies are government funds given to producers to help increase production and consumption of a good, by reducing their production costs. Subsidies […]
Relevant Exam Boards: A-Level (Edexcel, OCR, AQA, Eduqas, WJEC), IB, IAL, CIE Edexcel Economics Notes Directory | AQA Economics Notes Directory | IB Economics Notes Directory Consumer/Producer Surplus Definition: – Consumer surplus is the gain from buying a good at the market price, compared to the higher price which the […]