Year 9 topics 0.0 / 5 ? EconomicseGCSEAQA Created by: Frosty1Created on: 18-08-22 16:08 What type of economies of scales can you buying bulk Purchasing 1 of 14 what happens when a business grows so large that costs per unit increases Diseconomies of scales 2 of 14 The C of the factors of Production Capital 3 of 14 The servicing sector Tertiary 4 of 14 When work are well skilled in a specific part of work Specialisation 5 of 14 Costs that never change regardless of the situation Fixed 6 of 14 The next best alternative forgone Opportunity Cost 7 of 14 Something that is essential Needs 8 of 14 No business has complete control over the market Monopolistic Competition 9 of 14 Few large firms that dominate the market Oligopoly 10 of 14 When sectors depend on each other Interdependence 11 of 14 Firms attract customers by price Price Competition 12 of 14 Something we would like to have Wants 13 of 14 The separation of the production process Division of labour 14 of 14
Comments
No comments have yet been made