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Here are the best resources to pass A level economics edexcel. Find A level economics edexcel study guides, notes, assignments, and much more.
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Edexcel A-Level Economics A Definitions
Exam (elaborations) • 18
pages
• 2023
Absolute advantage

When a country's output of a product per unit of input is greater than that of any other country.







Absolute poverty

When a person does not have the income or wealth to fulfil their basic needs.







Aggregate Demand (AD)

The total demand/spending in an economy at a given price level over a given period of time. Made up of consumption, investment, government spending and net external demand.







Aggregate Supply (AS)

The total amount of goods and services that c...
Edexcel A-Level Economics A Definitions
Last document update:
ago
Absolute advantage

When a country's output of a product per unit of input is greater than that of any other country.







Absolute poverty

When a person does not have the income or wealth to fulfil their basic needs.







Aggregate Demand (AD)

The total demand/spending in an economy at a given price level over a given period of time. Made up of consumption, investment, government spending and net external demand.







Aggregate Supply (AS)

The total amount of goods and services that c...
Edexcel A-Level Economics Theme 1 with 100% correct answers
Exam (elaborations) • 12
pages
• 2023
Model

A theoretical concept that looks at how differant variables interact.







Ceteris Paribus

All other factors remain the same.







Positive Statement

Objective, factually based comments that can be tested.







Normative Statement

Subjective, questionable comments based on valued judgements that are difficult to test.







Scarcity

When there are unlimited human wants but limited number of resources to meet these wants.







Economic Problem

Making choices on how to allocat...
Edexcel A-Level Economics Theme 1 with 100% correct answers
Last document update:
ago
Model

A theoretical concept that looks at how differant variables interact.







Ceteris Paribus

All other factors remain the same.







Positive Statement

Objective, factually based comments that can be tested.







Normative Statement

Subjective, questionable comments based on valued judgements that are difficult to test.







Scarcity

When there are unlimited human wants but limited number of resources to meet these wants.







Economic Problem

Making choices on how to allocat...
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