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Theme 3 Econ: Business behaviour and the labour market > 3.3 REVENUES, COSTS AND PROFITS > Flashcards

3.3 REVENUES, COSTS AND PROFITS Flashcards

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Theme 3 Econ: Business behaviour and the labour market (26 decks)

3.1 BUSINESS GROWTH

3.1.1 Sizes and types of firms

3.1.2 Business Growth

3.1.3 Demergers

3.2 BUSINESS OBJECTIVES

3.2.1 Business objectives

3.3 REVENUES, COSTS AND PROFITS

3.3.3 Economies and diseconomies of scale

3.3.4 Normal profits, supernormal profits and losses

3.4 MARKET STRUCTURES

3.4.1 Efficiency

3.4.2 Perfect competition

3.4.3 Monopolistic competition

3.4.4 Oligopoly

3.4.6 Monopsony

3.4.7 Contestability

3.5 LABOUR MARKET

3.5.1 Demand for labour

3.5.2 Supply of labour

3.5.3 Wage determination in competitive and non-competitive markets

3.6 GOVERNMENT INTERVENTION

3.6.1 Government intervention

3.6.2 The impact of government intervention

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