Economics
Topics
Spare capacity
Spare capacity occurs when a business is not making full use of its available capacity – there are spare factors of production including land, labour and capital. When an economy has plenty of spare capacity, short run aggregate supply (SRAS) is elastic, and the output gap is negative.
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Key Diagrams - The Output Gap
Student Videos
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Economics of Spare Capacity
Student Videos
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Price elasticity of supply (Revision Presentation)
Study Presentations
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Market Equilibrium Prices
Student Videos
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Spare Capacity and Elasticity of Supply (Chain of Analysis)
Exam Technique Advice
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Price Elasticity of Supply
Student Videos
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Capacity Utilisation and Fixed Costs
Student Videos
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Coronavirus: Elasticity of supply of ventilators
18th March 2020
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Elasticity of Supply of Different Products
Study Notes
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Output Gap and Unemployment
Student Videos
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Capacity utilisation and cost
Study Notes
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Explaining Price Elasticity of Supply
Study Notes
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Europe's Busiest Airports
13th October 2017