Jaisul Naik - Tooting Tutors (Page 16)

12 Feb 2025 2 min read

Externalities | A-Level Economics Model Paragraph (AQA, Edexcel, OCR)

Negative Externalities in Consumption The diagram shows a market failure (misallocation of resources) with fast food. Fast food is a demerit good as it has negative externalities in consumption. This means there is

12 Feb 2025 1 min read

Public Goods | A-Level Economics Model Paragraph (AQA, Edexcel, OCR)

Complete market failure is when there is a missing market - and this happens if we rely on a free market to provide public goods. Public goods are non-rival and non-excludable. Non-excludable means

06 Feb 2025 1 min read

Bounds | Edexcel GCSE Maths Test

Question 1 Question 2 Question 3 Question 4 Question 5 Question 6 Question 7 Question 8 Question 9

06 Feb 2025 1 min read

GCSE Maths | Bounds

Question 1 Question 2

31 Jan 2025 2 min read

OCR GCSE Economics Notes

* The main economiic groups: consumers, producers and government * The factors of production: (CELL) capital, enterprise, land, labour. * Capital: machinery. Enterprise: business ideas. Land: natural resources. Labour: workers * The basic economic problem: unlimited wants,