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All three of the Baltic States - Lithuania, Estonia and Latvia - who joined the EU single market in 2004 are now members of the Euro Zone. How have their economies...

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Life Inside the Euro Zone - Focus on the Baltic States
00:8:16

The gym industry in the UK continues to grow with a new report published in 2018 estimating that one person in seven in the UK has a gym membership of one...

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Non-Price Competition in Markets – The UK Gym Industry
00:5:21

A recent in-depth article from the Financial Times made a significant point that, despite a recent recovery in the market, the price that Ghana cocoa farmers get for their raw...

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Price Volatility - The Cocoa Market

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AQA A Level Economics Revision Flashcards - Markets and Market Failure

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Here is an answer to the question: "Assess the view that the UK Government should use fiscal policy to provide a guaranteed minimum income as a strategy to reduce inequality."

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Universal Basic Income - Student Essay

In many developing countries, a sizeable number of producers especially in farming and energy received subsidies or some other form of government financial support such as a guaranteed minimum price.

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Development Policies - Removing Government Subsidies

Closing the infrastructure gap is now crucial in nearly all countries but especially developing/emerging countries who want to make progress towards meeting the SDGs, bring down extreme poverty, improve...

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Development and Growth Constraints - Infrastructure

A managed-floating currency when the central bank may choose to intervene in the foreign exchange markets to affect the value of a currency to meet specific macroeconomic objectives.

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Exchange Rates - Managed Floating Exchange Rates

One of the realities of the global trading system is that average import tariffs are higher when imposed by developing countries than those implemented by advanced, high-income nations. To what...

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Protectionism as a development strategy

Shocks are unexpected changes in the economy that can affect variables such as the rate of inflation and the growth rate of GDP. In an inter-connected global economy, events in...

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Development and Growth Constraints - External Shocks

EasyJet Plc is the eighth largest airline in the world and the second biggest in Europe, behind Ryanair (measured by passengers flown). In 2017, EasyJet Plc flew 80.2 million passengers on flights...

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EasyJet - Factors Affecting Costs Revenues and Profits

Royal Mail PLC was part-privatised in 2013 and fully-privatised in 2016. It generates just under £10 billion of revenue annually (up 2% year-on-year) and it made an operating profit of £694m (1% higher than a...

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Royal Mail - Factors Affecting Costs, Revenues and Profits
Study notes

Financialisation

Financialisation is a process where the financial sector grows both in scale and complexity, becoming more important as a share of national output. Financialisation means lending and investing in financial...

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Financialisation

Revenue is the income a firm generates from selling goods and services. In some cases shown below, businesses have been able to scale quickly and achieve rapid growth in their...

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Focus on Business Revenues
00:17:13

Conflict, corruption and poor governance can have hugely damaging effects on a country's growth rate and development potential. One of the Sustainable Development Goals is (by 2030) substantially reduce corruption and...

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Barriers to Growth and Development - Corruption and Conflict

The unequal opportunities available to hundreds of millions of women around the world represent one of the biggest barriers to growth and development.

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Development and Growth Constraints - Gender Inequalities
Study notes

Foreign Currency Gaps

Many developing countries face a big imbalance between inflows and outflows of foreign currencies. A foreign exchange gap happens when currency outflows persistently exceed currency inflows

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Foreign Currency Gaps

Game theory is the study of how people and businesses behave in strategic situations (i.e. when they must consider the effect of other people’s responses to their own...

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Game Theory - Different Types of Games

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