Revision Notes
Numbers – Decimals
33
0
Numbers Decimals, Fractions and Percentages: What are decimals? A type of number with a point e.g 3.3, 20.5, 300.43 Each unit after the decimal point has its own classification e.g. tenths, hundredths, thousandths and so on. Multiplying Decimals: First, remove the decimal point as if you are multiplying whole numbers. Count the number of digits that […]
Learn More
Grammar – Nouns, Common Nouns, Proper Nouns & Compound Nouns
29
0
What is a noun? Nouns are names of a person, place, thing or idea. What is a common noun? Common nouns are the generic name of a person, place, thing or idea e.g. girl, boy, dog. What is a proper noun? A proper noun is a specific name given to something e.g. Adam, Labrador and […]
Learn More
The case against protectionism
35
0
Exam Boards: Edexcel, AQA, WJEC, CIE, OCR Level: AS/A LEVELS/IB/IAL Why should countries not protect their domestic industries? Higher prices and less choice Due to increased trade diversion countries will now be purchasing from high-cost producers rather than low-cost producers for the same products. Lack of efficiency Demand for local products will increase […]
Learn More
What factors limit growth and development?
39
0
Exam Boards: Edexcel, AQA, WJEC, CIE, OCR Level: AS/A LEVELS/IB/IAL What factors limits growth and development? Primary product dependency Savings gap Corruption Government failure Wars Population issues Human capital problems Poor infrastructure Primary product dependency A variety of challenging issues are faced by countries dependent on primary products. Price fluctuations Primary products are […]
Learn More
Bartlett and Ghoshal’s Theory
32
0
Exam Boards: Edexcel, AQA, WJEC, CIE, OCR Level: AS/A LEVELS/IB/IAL
Learn More
SWOT Analysis
61
0
Exam Boards: Edexcel, AQA, WJEC, CIE, OCR Level: AS/A LEVELS/IB/IAL What is SWOT analysis? SWOT analysis is used by a business to identify the businesses internal strengths and weaknesses and its external opportunities and threats. Source: aqa.org.uk Example SWOT analysis Company: Coca Cola Strengths Opportunities Brand Customer loyalty Advertising/Marketing Distribution Economies of […]
Learn More
Strategies to promote growth and development
38
0
Exam Boards: Edexcel, AQA, WJEC, CIE, OCR Level: AS/A LEVELS/IB/IAL Strategies to promote growth and development There is a range of strategies that could be used by countries to promote growth and development. Strategies for growth and development in countries will be different depending on their social, economic, political, cultural environment. The strategy […]
Learn More
Trading Blocs
55
0
Exam Boards: Edexcel, AQA, WJEC, CIE, OCR Level: AS/A LEVELS/IB/IAL Trading Blocs What are trading blocs? Trading blocs are groups of countries that agree to reduce or eliminate trade barriers between themselves. Examples of Trading Blocs ASEAN – Association of Southeast Asian Nations APEC – Asia Pacific Economic Cooperation EU – European Union […]
Learn More
Exchange Rates – AS/A LEVELS/IB/IAL
41
0
Exam Boards: Edexcel, AQA, WJEC, CIE, OCR. Level: AS/A LEVELS/IB/IAL Exchange Rates The exchange rate is the rate at which one currency exchanges for another e.g. £1 = $2. Exchange Rate Systems Floating The exchange rate is determined by market forces of supply and demand. Fixed This is when a country’s currency is fixed against a […]
Learn More
Inequality – AS/A LEVELS/IB/IAL
43
0
Exam Boards: Edexcel, AQA, WJEC, CIE, OCR. Level: AS/A LEVELS/IB/IAL Inequality Inequality is the unequal distribution of income and opportunity between different groups in society. What is the difference between income and wealth? Income Income is a flow concept, e.g. the money earned over a period of time. This is usually generated from a salary. Wealth This is […]
Learn More