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A-Level Economics
> 3.4.2 - Perfect Competition > Flashcards
3.4.2 - Perfect Competition Flashcards
Study These Flashcards
A-Level Economics
(87 decks)
1.1.1 - Economics As A Social Science
1.1.2 - Positive & Normative Economic Statements
1.1.3 - The Economic Problem
1.1.4 - Production Possibility Frontiers
1.1.5 - Specialisation & The Division Of Labour
1.1.6 - Free Market, Mixed & Command Economies
1.2.1 - Rational Decision Making
1.2.2 - Demand
1.2.3 - Price, Income & Cross Elasticities Of Demand
1.2.4 - Supply
1.2.5 - Elasticity Of Supply
1.2.6 - Price Determination
1.2.7 - Price Mechanism
1.2.8 - Consumer & Producer Surplus
1.2.9 - Indirect Taxes & Subsidies
1.2.10 - Alternative Views Of Consumer Behaviour
1.3.1 - Types Of Market Failure
1.3.2 - Externalities
1.3.3 - Public Goods
1.3.4 - Information Gaps
1.4.1 - Government Intervention In Markets
1.4.2 - Government Failure
2.1.1 - Economic Growth
2.1.2 - Inflation
2.1.3 - Employment & Unemployment
2.1.4 - Balance Of Payments
2.2.1 - The Characteristics Of AD
2.2.2 - Consumption
2.2.3 - Investment
2.2.4 - Government Expenditure
2.2.5 - Net Trade (X-M)
2.3.1 - The Characteristics Of AS
2.3.2 - Short - Run AS
2.3.3 - Long - Run AS
2.4.1 - National Income
2.4.2 - Injections & Withdrawals
2.4.3 - Equilibrium Levels Of Real National Output
2.4.4 - The Multiplier
2.5.1 - Causes Of Growth
2.5.2 - Output Gaps
2.5.3 - Trade (Business) Cycle
2.5.4 - The Impact Of Economic Growth
2.6.1 - Possible Macroeconomic Objectives
2.6.2 - Demand - Side Policies
2.6.3 - Supply - Side Policies
2.6.4 - Conflicts & Trade - Offs Between Objectives And Policies
3.1.1 - Sizes & Types Of Firms
3.1.2 - Business Growth
3.1.3 - Demergers
3.2.1 - Business Objectives
3.3.1 - Revenue
3.3.2 - Costs
3.3.3 - Economies & Diseconomies Of Scale
3.3.4 - Normal Profits, Supernormal Profits & Losses
3.4.1 - Efficiency
3.4.2 - Perfect Competition
3.4.3 - Monopolistic Competition
3.4.4 - Oligopoly
3.4.5 - Monopoly
3.4.6 - Monopsony
3.4.7 - Contestability
3.5.1 - Demand For Labour
3.5.2 - Supply Of Labour
3.5.3 - Wage Determination In Competitive & Non-competitive Markets
3.6.1 - Government Intervention
3.6.2 - The Impact Of Government Intervention
4.1.1 - Globalisation
4.1.2 - Specialisation & Trade
4.1.3 - Pattern Of Trade
4.1.4 - Terms Of Trade
4.1.5 - Trading Blocs & The World Trade Organisation (WTO)
4.1.6 - Restrictions On Free Trade
4.1.7 - Balance Of Payments
4.1.8 - Exchange Rates
4.1.9 - International Competitiveness
4.2.1 - Absolute & Relative Poverty
4.2.2 - Inequality
4.3.1 - Measures Of Development
4.3.2 - Factors Influencing Growth & Development
4.3.3 - Strategies Influencing Growth & Development
4.4.1 - Role Of Financial Markets
4.4.2 - Market Failure In The Financial Sector
4.4.3 - Role Of Central Banks
4.5.1 - Public Expenditure
4.5.2 - Taxation
4.5.3 - Public Sector Finances
4.5.4 - Macroeconomic Policies In A Global Context
