Essays on topical issues, latest developments in UK and global economies, and answers to readers questions
Regulatory CapturePosted on May 24, 2018
Regulatory capture is a form of government failure where those bodies regulating industries become sympathetic to the businesses they are supposed to be regulating. Regulatory capture can mean monopolies can continue to charge high prices The opposite of regulatory capture is ‘public interest theory’ – the idea that government regulation can influence monopolies to behave …...More
Product life-cyclePosted on May 21, 2018
Definition: The product life-cycle (PLC) refers to the different stages a product goes through from introduction to withdrawal. The product life-cycle refers to a likely pathway a product may take. It has implications for the marketing strategy of a firm as it seeks to introduce, grow and maintain market share. In this case, the product …...More
The invisible handPosted on May 20, 2018
The invisible hand is a concept that – even without any observable intervention – free markets will determine an equilibrium in the supply and demand for goods. The invisible hand means that by following their self-interest – consumers and firms can create an efficient allocation of resources for the whole of society. How does the …...More
A selection of e-books available from economicshelp.org. Includes NEW syllabus for AS and A Level Economics.