O Level Economics Revision Notes

What are the Perfect Competition and Monopolistic Competition? Two market systems that have a range of…

EXTERNAL COST BENEFITS If an action by one person or company damages another, without every free…

SIZE OF FIRM? There are businesses of all types in a market. Manufacturing costs in such…

What does It Mean? Over the years, some policymakers have sought to exert total economic influence…

DEMAND Demand is an economic concept that refers to the ability of customers to buy goods…

STOCK EXCHANGE A stock market is a platform for the trade of securities containing shares in…

Changes in a currency’s external value can significantly affect a number of macroeconomic results and targets.…

ECONOMIC PROBLEM ⦁ Both the goods and services that customers use and demand are made up…

What is Economic Indicator? Statistics on economic activity are a financial indicator. Economic indicators enable economic…

Average Cost The average cost is the production unit cost determined by dividing overall cost (TC)…