Edexcel (IAL) A2 Economics Unit 3

Unit 3 Business Behaviour

 

3.3.1 The firm and its objectives

  • Objectives
  • Size of businesses
  • Transnational companies (TNCs)

3.3.2 Revenue, costs and profit

  • Revenue
  • Costs
  • Economies and diseconomies of scale
  • Profit

3.3.3 Market structures and contestability

  • Perfect competition
  • Monopolistic competition
  • Oligopoly
  • Monopoly
  • Monopsony
  • Contestability

3.3.4 Government intervention to promote competition

  • Government intervention to protect consumers
  • Government intervention to protect suppliers and employees
  • Government intervention to promote international competitiveness
  • Government policy towards transnational companies (TNCs)

2 Replies to “Edexcel (IAL) A2 Economics Unit 3”

Leave a Reply

Your email address will not be published. Required fields are marked *