An economic evaluation of the Labour Manifesto. Most significant elements of Jeremey Corbyn’s Labour Party manifesto include Higher income tax on top 10% of earners Rail re-nationalisation Freezing pension retirement age. Abolition of tuition fees Promise of 30 hours’ free childcare, 10,000 more police officers Brexit – may or may not stay in Single Market. …
A positive economic statement is a statement that can be verified true or false. A normative economic statement is an opinion. It is a view that others may disagree with. Postive economics In the UK, Dec 2017 CPI inflation is 3.0% In the UK the rate of unemployment has increased by 50% in the past …
If you are preparing for your A Level exams in June, you should be making use of past papers, and if possible mark schemes as well. Using past exam papers is one of the most effective ways to revise and prepare for an exam. It is the most focused way of working what you know …
In 1979, the election of Mrs Thatcher’s Conservative party led to the introduction of new supply-side policies, which challenged the post-war consensus and tried to implement free-market reforms into the UK. Intellectual support for supply-side economics Mrs Thatcher was impressed with right-wing intellectuals such as Milton Friedman and F. Hayek. They were critical of social …
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Discrimination in the labour market occurs when employers make decisions on wages and employment based on prejudices, such as race, gender, religion. It can lead to variations in wages for the same job and different employment rates. Kenneth Arrow defined discrimination as: “the valuation in the market-place of personal characteristics of the worker that are …
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