Measures of Unemployment Someone is considered to be?unemployed?if they are?not working but actively seeking work They are part of the?labour force A?country's population?is divided into the...
Inflation, Deflation & Disinflation Inflation?is the?sustained increase?in the?average price level?of goods/services in an economy The?average price level?is measured by checking the pri...
Economic Growth Gross Domestic Product (GDP) National income accounting measures the?economic activity?within a country and provides insights into how a country is performing One of the main...
如果目標高分，A-level和IG考試是具有一定壓力的。可是如果目標只是PASS，就輕松很多。那么A-level和IG考多少分算過？ 官方說法，英國政府要求GCSE成績達到4或以上算過，A-level成績需要達到E。而高分過（high pa...
Government Failure Government failure?occurs when the government intervenes in a market to correct market failure, but the intervention results in a?more inefficient allocation?of resources from so...
Government Intervention in Markets Nearly every economy in the world is a?mixed economy?and has varying degrees of?government intervention Governments intervention is necessary for several reasons ...
Information Gaps Information gaps?exist in nearly all free markets and distort market outcomes resulting in market failure One of the underlying assumptions of a free market is that there is?perfec...
Public Goods A?public good?is substantially different to a?private good Private goods?are goods which firms are able to provide to?generate profits. They can generate profits as these goods are?exc...
Externalities & Different Types of Costs Externalities?occur when there is an external impact?on a third party?not involved in the economic transaction These impacts can be?positive or negative...
