Essays on topical issues, latest developments in UK and global economies, and answers to readers questions
Non-Price CompetitionPosted on March 9, 2019
Non-price competition involves ways that firms seek to increase sales and attract custom through methods other than price. Non-price competition can include quality of the product, unique selling point, superior location and after-sales service. Models of perfect competition suggest the most important issue in markets is the price. And for a homogenous product like potatoes, …...More
Who are the winners and losers from inflation?Posted on March 1, 2019
Inflation is a continues rise in the price level. Inflation means the value of money will fall and purchase relatively fewer goods than previously. In summary: inflation will hurt those who keep cash savings and workers who have fixed wages Inflation will benefit those with large debts, who with rising prices find it easier to …...More
Definition of UnemploymentPosted on February 27, 2019
Unemployment is defined as a situation where someone of working age is not able to get a job but would like to be in full-time employment. Note: If a mother left work to bring up a child or if someone went into higher education, they are not working but would not be classed as unemployed …...More
A selection of e-books available from economicshelp.org. Includes NEW syllabus for AS and A Level Economics.