AS Flashcards
1
Q
Why are there short run changes
A
Changes to costs of production
2
Q
Why are there long run changes
A
Due to changes in potential output
3
Q
How do you increase the quan/qual of land
A
Quan- increase resources
Qual- fertiliser
4
Q
How do you increase quan and qual of labour
A
Quan- increasing birth rate and migration
Qual- increase education and training
5
Q
How do you increase the quan and qual of capital
A
Quan- government building and investment
Qual- technology
6
Q
How do you increase enterprise
A
Subsidies and education
