The environment is a scarce resource.
How, in a monopsony labour market, the employer can use market power to reduce both the relative wage rate and the level of employment below those that discounted wallpaper uk would promotion codes for at&t exist in a perfectly competitive labour market.
The advantages and disadvantages of price discrimination.
The meaning of productivity, including labour productivity.The arguments for and against the privatisation of state-owned enterprises.Examples of real-world applications of such policies should provide contexts in which students volt rebate canada can evaluate the use of economic models to explore economic behaviour and further develop their appreciation of the behaviour of firms.They should also understand that these relationships have implications for costs of production.The concept of the minimum efficient scale of production.Government intervention in markets Content Additional information The existence of market failure, in its various forms, provides an argument for government intervention in markets.
The reasons for the shape of the marginal, average and total cost curves.
Factors such as the number of firms, the degree of product differentiation and ease of entry are used to distinguish between different market structures.
D) From 1970 to 1973 exporting countries increased their control over supply (with agreements and nationalizing production).The significance of interdependence and uncertainty in oligopoly.4.1.6 The labour market The demand for labour, marginal productivity theory Content Additional information The demand for a factor is derived from the demand for the product.Similarities to and differences in methodology from natural and other sciences.Price, income and cross elasticities of demand Content Additional information Be able to calculate price, income and cross elasticities of demand.