Since the mid-1960s, the UK has seen a 40% fall in total CO2 emissions. CO2 Emissions are now below levels seen at the end of the industrial revolution. Summary of why CO2 is falling Decline in coal-powered stations. In 2012, coal generated 41 per cent of the country’s electricity. By 2019, it supplied just 2 …
Production-based CO2 emissions is the amount of CO2 emitted in a particular country. Consumption-based CO2 emissions are adjusted for trade and reflect CO2 emissions related to goods and services consumed in a particular country. Explanation of production vs Consumption-based CO2 emissions Suppose the UK used to produce its own steel, the production process would cause …
The biggest absolute emissions of CO2 come from China and the United States. Source: World Bank CO2 emissions (kt) In recent years, China has accelerated past the United States and is the biggest polluter in absolute terms, (which is unsurprising given China’s population and fast economic growth. India is also catching up.) Biggest CO2 Polluters …
Freemium is a business model where a firm gives away its product for free with the aim of later converting some users to the paid version. Freemium is different to a trial offer because the user can continue to use the free version for a prolonged period. Freemium is like an indefinite free trial.Dropbox is …
Readers Question: Does inflation causes unemployment? There are a few different scenarios where inflation can cause unemployment. However, there is not a direct link. Often we will notice a trade-off between inflation and unemployment – e.g. in a period of strong economic growth and falling unemployment; we see a rise in inflation – see Phillips …
Readers’ Question: What is the difference between the Monetary base and the money supply? The monetary base is part of the overall money supply. The monetary base refers to that part of the money supply which is highly liquid (i.e. easy to use). The monetary base includes Notes and coins Commercial bank deposits with the …
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61 pages, 14,000 words
63 pages, 17,000 words
Definition: Law of diminishing marginal returns At a certain point, employing an additional factor of production causes a relatively smaller increase in output. Diminishing returns occur in the short run when one factor is fixed (e.g. capital) If the variable factor of production is increased (e.g. labour), there comes a point where it will become …