"price elasticity of supply"

Edexcel (A) Economics A-level revision guide

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Specific Edexcel (A) – A-level economics revision guide (themes 1,2,3,4) – just £7.95
Updated for the new Edexcel economics syllabus.
Includes AS level guide.
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Significantly expanded o the previous version, with not just required knowledge, but also examples of evaluation for each topic.
For schools – See: Network License – A-level Edexcel Economics (£105.00)
Coming Soon: Edexcel Economics (B)

OCR A level economics revision guide

Specific OCR A-level economics revision guide – just £8.95
Updated for the new OCR economics syllabus. Last updated 27 June 2022.
Trademark simplicity and clarity of presentation.
E-Book (pdf format)
Significantly expanded on the previous version, with not just required knowledge, but also examples of evaluation for each topic.
It comes in pdf format and is sent within a couple of hours after purchase.
For schools – See: Network License – A-level OCR Economics (£105.00) – Network license allows unlimited use within a single educational establishment.

Pricing strategies

A look at different pricing strategies a firm may use to try and increase profitability, market share and gain greater brand loyalty. Types of pricing strategies General strategies Profit maximisation. One strategy is to ignore market share and try to work out the price for profit maximisation. In theory, this occurs at a price where …

Speculation – Stabilising and destabilising

Speculation occurs when individuals make decisions about buying or selling depending on expectations of future price changes. For example, if prices are rising speculators may take this as a sign that prices will continue to rise, and therefore, they buy more. This speculation causes prices to continue to rise. An example is house prices, where …

UK Minimum Wage The National minimum wage rate is currently £8.72 for workers over 25 (from April 2020). The minimum wage was introduced in April 1999 (at £3.60) and is the legal minimum that employers can pay. The aim of the National Minimum Wage is to help increase incomes of the low paid. It has …

SWOT analysis is looking at a businesses – strengths, weaknesses, opportunities, threats. SWOT analysis is useful for a business looking at strategic planning for the future. How can the firm survive, grow and remain relevant. Examples of strengths Current profitable orders. Existing brand loyalty and brand recognition Loyal customer base Mailing list and details of …

What determines the competitiveness of British Industry?

The competitiveness of British industry refers to whether British goods/service are more attractive to consumers than in other countries. A big factor is the relative price of British goods and services compared to other economies. However, as well as price competition, for many goods non-price competition will be important. For example, British fashion labels may …

An import quota is a limit on the amount of imports that can be brought into a particular country. For example, the US may limit the number of Japanese car imports to 2 million per year. Quotas will reduce imports, and help domestic suppliers. However, they will lead to higher prices for consumers, a decline …

Edexcel (A) Economics A-level revision guide

OCR A level economics revision guide

Pricing strategies

Speculation – Stabilising and destabilising

National Minimum Wage

SWOT analysis – Examples

What determines the competitiveness of British Industry?

Effect of import quotas