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Year 13 Economics THEME 3 > 3.5.3 ( wage differentials)Wage determination in competitive and non-competitive markets > Flashcards

3.5.3 ( wage differentials)Wage determination in competitive and non-competitive markets Flashcards

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Year 13 Economics THEME 3 (18 decks)

3.1.2 Business Growth

3.1.1 Sizes and types of firms

3.1.3 Demergers

3.3.4 Normal profits, supernormal profits and losses

3.3.3 Economies and diseconomies of scale & c) Relationship between short-run and long-run average cost curves

3.4.1 Efficiency

Perfect Competition

3.5.1 Factors affecting demand of labour & elasticity

3.5.2 Supply of labour

3.5.3 ( wage differentials)Wage determination in competitive and non-competitive markets

3.4.3 Monopolistic competition

3.4.7 Contestability

3.6 Government Intervention

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