What are the Perfect Competition and Monopolistic Competition? Two market systems that have a range of …
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O Level Economics Revision Notes
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EXTERNAL COST BENEFITS If an action by one person or company damages another, without every free …
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SIZE OF FIRM? There are businesses of all types in a market. Manufacturing costs in such …
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What does It Mean? Over the years, some policymakers have sought to exert total economic influence …
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DEMAND Demand is an economic concept that refers to the ability of customers to buy goods …
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STOCK EXCHANGE A stock market is a platform for the trade of securities containing shares in …
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Changes in a currency’s external value can significantly affect a number of macroeconomic results and targets. …
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ECONOMIC PROBLEM ⦁ Both the goods and services that customers use and demand are made up …
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What is Economic Indicator? Statistics on economic activity are a financial indicator. Economic indicators enable economic …
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Average Cost The average cost is the production unit cost determined by dividing overall cost (TC) …
