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Study notes

Reshoring

Reshoring happens when a transnational business decides to bring previously off-shored manufacturing back to the home country.

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Reshoring

In the short run, many businesses look to optimise unit costs by keeping capacity utilisation at high levels.

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Capacity utilisation and cost

Horizontal integration is between two businesses in the same industryat the same stage of production.

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Advantages and Drawbacks from Horizontal Integration

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Study notes

Small businesses

This study note considers smaller businesses and how they survive and thrive in markets dominated by large, scaled competitors.

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Small businesses
Study notes

Subjective well-being

Subjective well-being is defined as a person's evaluations of his or her life – usually measured by surveys.

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Subjective well-being
Study notes

Green Bonds

Green bonds are one increasingly popular option for the financing of investments that provide environmental benefits such as the funding of renewable energy projects, transport infrastructure and measures to increase...

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Green Bonds
Study notes

Persistent Poverty

Persistent poverty is defined as when a household experiences relatively low income both in the current year and at least two out of the three preceding years.

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Persistent Poverty

This study note looks at examples of market failure in the financial system. Market failure occurs when freely-functioning markets fail to deliver an efficient and/or socially optimum allocation of...

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Financial Market Failure (Financial Economics)

A number of new banks are attempting to establish themselves in the UK financial system and challenge the dominance of the leading UK commercial banks.

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Challenger Banks (Financial Economics)

Here is a topic-by-topic listing of the available study notes for the macroeconomics topics for Year 2 A Level Economics here on tutor2u.

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A Level Economics Year 2 Macroeconomics Study Notes

Absolute or extreme poverty is having insufficient income or savings to meet basic human needs. The benchmark used at the moment for extreme poverty is the number of people or...

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Progress in Reducing Extreme Poverty

Here is a suggested answer to this exam question: "Explain the difference between internal devaluation and external devaluation" We also evaluate some of the risks associated with each form of...

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Exam Answer: Internal and External Devaluation

Here is a suggested answer to this question: "Explain how a firm may use predatory pricing."

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Exam Answer: Predatory Pricing

Here is a suggested answer to this question: "Explain how a firm may use limit pricing."

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Exam Answer: Limit Pricing

Do we always engage in rational behaviour? Are all businesses looking to maximise their profits? Much of introductory economic theory assumes that all "agents" behave rationally. But behavioural economics theories...

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Rational Decision Making (Behavioural Economics)

The UK minimum wage came into force in April 1999. For workers aged 25 and over, the minimum wage (now known as the National Living Wage) is £8.21 an hour.

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20 Years of the UK National Minimum Wage

Here is an exemplar answer to this question: "Evaluate the impact of changes in price on producer surplus ."

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Price Changes and Producer Surplus

Here is a sample answer to this question: "Evaluate the impact of changes in price on consumer surplus."

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Price Changes and Consumer Surplus

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