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Hello Hi
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Decks in this class (26)
3.1 BUSINESS GROWTH
1
cards
3.1.1 Sizes and types of firms
Reasons some firms tend to remain...,
The principal agent problem signi...,
Why the separation of ownership a...
6
cards
3.1.2 Business Growth
Growth,
Organic growth,
Organic growth
23
cards
3.1.3 Demergers
Demergers,
Demerger example,
Reasons for demergers
10
cards
3.2 BUSINESS OBJECTIVES
0
cards
3.2.1 Business objectives
Business objectives,
Profit maximisation,
Revenue maximisation
7
cards
3.3 REVENUES, COSTS AND PROFITS
0
cards
3.3.1 Revenue
Revenue,
Total revenue,
Average revenue
7
cards
3.3.2 Costs
Total costs,
Total fixed cost,
Total variable cost
16
cards
3.3.3 Economies and diseconomies of scale
Economies of scale,
Diseconomies of scale,
Constant returns to scale
19
cards
3.3.4 Normal profits, supernormal profits and losses
Profit,
Condition for profit maximisation,
Normal profit supernormal profit ...
4
cards
3.4 MARKET STRUCTURES
0
cards
3.4.1 Efficiency
Efficiency,
Allocative efficiency,
Productive efficiency
5
cards
3.4.2 Perfect competition
Perfect competition,
Characteristics of perfect compet...,
Infinite buyers and sellers
9
cards
3.4.3 Monopolistic competition
Monopolistic competition,
Characteristics of monopolistic c...,
Large number of buyers and seller...
9
cards
3.4.4 Oligopoly
Oligopoly,
Characteristics of oligopolies,
Differentiated products oli
37
cards
3.4.5 Monopoly
Monopoly,
Characteristics of monopoly,
Pure monopoly example
16
cards
3.4.6 Monopsony
Monopsony,
Characteristics of monopsonies,
Conditions for monopsonies
7
cards
3.4.7 Contestability
Contestability,
Characteristics of contestable ma...,
Contestable markets examples
10
cards
3.5 LABOUR MARKET
0
cards
3.5.1 Demand for labour
Demand for labour,
Derived demand,
Factors influencing demand for la...
15
cards
3.5.2 Supply of labour
Supply of labour,
Factors influencing supply of labour,
Wages
19
cards
3.5.3 Wage determination in competitive and non-competitive markets
Wage discrimination,
In a perfectly competitive labour...,
Skills shortages
22
cards
3.6 GOVERNMENT INTERVENTION
0
cards
3.6.1 Government intervention
Context cma,
Government intervention to contro...,
Govt intervention to control merg...
29
cards
3.6.2 The impact of government intervention
Impact of government intervention on,
Prices impacted by govt intervention,
Efficiency
9
cards
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Theme 3 Econ: Business behaviour and the labour market
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