Jaisul Naik

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Edexcel A-Level Economics Notes | 2.5

* Economic growth: an increase in real GDP. * Actual growth: an increase in real GDP. * Potential growth: an increase in capacity (right shift in LRAS or the PPF). * Export-led growth leads to (X-M) increasing,
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Edexcel A-Level Economics Notes | 3.5

* Labour market: a place where employers and employees meet to exchange labour for wage. * Demand for labour: the number of workers that firms are willing and able to hire at each wage rate.
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OCR GCSE Chemistry Notes | C6

* Reactivity series: potassium, sodium, lithium, calcium, magnesium, carbon, zinc, iron, hydrogen, copper. * We want to extract metals but metals are found as compounds e.g. sodium oxide or copper oxide. * If the metal
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Edexcel A-Level Economics Notes | 2.4

2.4.1 National Income * The circular flow of income: in an economy, households and firms interact, exchanging resources. Households supply factors of production such as labour, and firms pay wages for them.
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Edexcel A-Level Economics Notes | 2.3

* Aggregate supply is the volume of goods and services produced in the economy at each price level. * In the short-run, at least one factor of production is fixed. * In the long-run, all factors