.jpg)
see more: archives
.jpg)
ASSIGNMENTS
18.08.2008
This is the total stock of money available in an economy at a point in time.
The money supply includes:
- Notes ...
Added by: LadyAngelPL
Category: Revision note
Course: Economics and Business
18.08.2008
TAX
A charge placed on the production of a good and service by the Government. For example petrol is taxed heavily by ...
Added by: LadyAngelPL
Category: Revision note
Course: Economics and Business
18.08.2008
Price equilibrium is found where supply and demand are equal. This is the point where both sellers and buyers are ha ...
Added by: LadyAngelPL
Category: Revision note
Course: Economics and Business
18.08.2008
Definition
The amount that an individual or individuals are willing to buy at any given price.
Effective Demand
T ...
Added by: LadyAngelPL
Category: Revision note
Course: Economics and Business
18.08.2008
FOUNDATION LEVEL
• Why do you think that there has been a fall in the demand for beer in recent years (6)
&bu ...
Added by: LadyAngelPL
Category: Revision note
Course: Economics and Business
18.08.2008
When price changes this has an effect on both the quantity demanded and the quantity supplied
PRICE INCREASE
QUANTIT ...
Added by: LadyAngelPL
Category: Revision note
Course: Economics and Business
18.08.2008
It is possible that supply may change for reasons other than price
INCREASE IN SUPPLY OF A GOOD
1. Cheaper raw mater ...
Added by: LadyAngelPL
Category: Revision note
Course: Economics and Business
18.08.2008
It is possible that demand may change for reasons other than price
DEMAND INCREASES IF (MARS BARS)
1. The good or se ...
Added by: LadyAngelPL
Category: Revision note
Course: Economics and Business
18.08.2008
INCREASE IN DEMAND (for reasons other than price)
An increase in demand (possibly due to increased popularity) has fo ...
Added by: LadyAngelPL
Category: Revision note
Course: Economics and Business
18.08.2008
Definition
The amount of goods that producers are willing to supply / sell at a given price
SUPPLY AND PRICE
In ...
Added by: LadyAngelPL
Category: Revision note
Course: Economics and Business
