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Economics Theme 3 revised

This class was created by Brainscape user Daisy Philp. Visit their profile to learn more about the creator.

By: Daisy Philp
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Decks in this class (17)

1- Business growth definitions
Organic growth,
Vertical integration,
Forwards vertical integration
6  cards
1- Business growth
How does organic growth take place,
Advantages of organic growth,
Disadvantages of organic growth
14  cards
1- Business growth evaluation
0  cards
2- Business objectives definitions
Profit satisficing,
Profit maximisation,
Revenue maximisation
6  cards
2- Business objectives
Different business objectives,
Benefit of short term profit maxi...,
Why firms revenue maximise
6  cards
2- Business objectives evaluation
0  cards
3- Economies and diseconomies of scale definitions
Economies of scale,
Diseconomies of scale,
Internal economies of scale
6  cards
3- Economies and diseconomies of scale
Types of internal economies of scale,
Types of external economies of scale,
Technical economies of scale
17  cards
3- Economies and diseconomies of scale evaluation
0  cards
Labour markets- wage diffrentials
Reasons for wage diffrentials,
Why footballers get paid more tha...,
Why a north and south wage divide
7  cards
Privatisation Vs Nationalisation
Privatisation definition,
Nationalisation definition,
Advantages of privatisation
6  cards
Government Intervention
How to control mergers,
Problems with controlling mergers,
Ways to control monopolies
29  cards
Oligopoly
Factors which increase the chance...,
Advantages of collusion,
Disadvantages of collusion
6  cards
Monopoly
Examples of barriers to entry,
Benefits of price discrimination,
Price discrimination evaluation
3  cards
Elasticities of labour
Elasticity of labour demand,
Factors which affect elasticity o...,
Elasticity of labour supply
4  cards
Contestability
Contestable market,
Characteristics of a contestable ...,
Implications of high contestability
11  cards
Business objectives
Why profit max,
Why not profit max,
Why rev max
5  cards

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Economics Theme 3 revised

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