Revision Notes

Types / Sources of Credit and the impact of Credit within the Economy

583

0

Level: AS Levels, A Level, GCSE – Exam Boards: Edexcel, AQA, OCR, WJEC, IB, Eduqas – Economics Revision Notes Types of Credit Loans This involves borrowing money which is then repaid at a later date with added interest payments Secured Loans – these are secured against the borrower’s assets to protect the bank’s funds if the […]
Learn More
Types / Sources of Credit and the impact of Credit within the Economy
Risk and Liability

434

0

Level: AS Levels, A Level, GCSE – Exam Boards: Edexcel, AQA, OCR, WJEC, IB, Eduqas – Economics Revision Notes The meaning of Risk Risk is the probability of damage or a loss occurring Banks lend capital to consumers / firms / other financial institutions, and therefore carry a risk – the risk of the capital […]
Learn More
Risk and Liability
Understanding the Consumer

457

0

Level: AS Levels, A Level, GCSE – Exam Boards: Edexcel, AQA, OCR, WJEC, IB, Eduqas – Economics Revision Notes  Primary and Secondary market research data Primary Research This is carried out directly by conducting surveys, interviews, and observations By extracting data through primary research, it allows firms to explore exactly what they need to Data tends […]
Learn More
Understanding the Consumer
Entrepreneurial Motives

466

0

Level: AS Levels, A Level, GCSE – Exam Boards: Edexcel, AQA, OCR, WJEC, IB, Eduqas – Economics Revision Notes  Profit as an Incentive Entrepreneurs take risks to gain the reward of profit Entrepreneurs want to generate profit and avoid making a loss Entrepreneurs make a profit by bringing together the different factors of production Non-financial Motives […]
Learn More
Entrepreneurial Motives
Role of an Entrepreneur in an Economy

446

0

Level: AS Levels, A Level, GCSE – Exam Boards: Edexcel, AQA, OCR, WJEC, IB, Eduqas – Economics Revision Notes  The process of Creative Destruction Creative destruction leads to the development of new goods / services through innovation and advanced technology Firms may be incentivised to enter the market if they see firms possessing monopoly power and […]
Learn More
Role of an Entrepreneur in an Economy
Labour Market Factor Immobility

647

0

Level: AS Levels, A Level, GCSE – Exam Boards: Edexcel, AQA, OCR, WJEC, IB, Eduqas – Economics Revision Notes Market Failure in the Labour Market Occupational Immobility – workers experience difficulty in moving from one job to another due to the lack of transferable skills they have Geographical Immobility – workers experience difficulty in moving from one […]
Learn More
Labour Market Factor Immobility
Economic Agents

455

0

Level: AS Levels, A Level, GCSE – Exam Boards: Edexcel, AQA, OCR, WJEC, IB, Eduqas – Economics Revision Notes Stakeholders Stakeholders are anyone who is interested in how a business is run Shareholder The share price and value of the dividend goes up as shareholders want the firm to make a large amount of profit […]
Learn More
Economic Agents
Financial Regulation – OCR Spec

512

0

Level: AS Levels, A Level, GCSE – Exam Boards: Edexcel, AQA, OCR, WJEC, IB, Eduqas – Economics Revision Notes Role in regulation of the Banking Industry Regulation helps to ensure the behaviour of banks is clear to institutions and those who conduct business with the bank It is important to regulate banks as they have […]
Learn More
Financial Regulation – OCR Spec
Macroeconomic Indicators – OCR Spec

554

0

Level: AS Levels, A Level, GCSE – Exam Boards: Edexcel, AQA, OCR, WJEC, IB, Eduqas – Economics Revision Notes  Trends in the Macroeconomic Indicators over the last 20 years Economic Growth The UK has generally experienced economic growth throughout the last 20 years, however output fell during the Financial Crisis in 2008. In 2008 and […]
Learn More
Macroeconomic Indicators – OCR Spec
Commericial Banks and Investment Banks – AQA Spec

539

0

The difference between a Commercial Bank and Investment Bank Commercial Bank Manages deposits, cheques and saving accounts for different individuals / firms Using the money saved with them, they can make loans Investment Bank Facilitates the trade of investments such as bonds and stocks Investment banks tend to have a higher risk tolerance due to […]
Learn More
Commericial Banks and Investment Banks – AQA Spec

Showing 31-40 of total 271 courses