Edexcel a-level economics a: definitions Study guides, Study notes & Summaries

For my Economics A-Level, I used a mind-map approach to revision. These are some of the revision mind-maps I created whilst recalling Year 12 Unit 1 and Unit 2 of my Economics course. Additionally, due to the large nature of the topic, I also created a Globalisation mind-map as this was an area I struggled to grasp and incorporate into other aspects of the course. If you are a visual learner, or do not tend to take much information from long-winded and wordy textbooks, this may be a good summar...

Economics Edexcel A Level Paper 2 Definitions 2023 update with 100% correct answers

Absolute advantage correct answers When a country's output of a product per unit of input is greater than that of any other country. Absolute poverty correct answers When a person does not have the income or wealth to fulfil their basic needs. Aggregate Demand (AD) correct answers 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) correct answe...

Edexcel A-Level Economics A: DefinitionsEdexcel A-Level Economics A: DefinitionsEdexcel A-Level Economics A: Definitions Absolute advantage - ANSWER-When a country's output of a product per unit of input is greater than that of any other country. Absolute poverty - ANSWER-When a person does not have the income or wealth to fulfil their basic needs. Aggregate Demand (AD) - ANSWER-The total demand/spending in an economy at a given price level over a given period of time. Made up of consu...

Absolute advantage - ANSWERSWhen a country's output of a product per unit of input is greater than that of any other country. Absolute poverty - ANSWERSWhen a person does not have the income or wealth to fulfil their basic needs. Aggregate Demand (AD) - ANSWERSThe 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) - ANSWERSThe total amount of goods...

Edexcel A-Level Economics A: Definitions...

Absolute advantage - ANSWERSWhen a country's output of a product per unit of input is greater than that of any other country. Absolute poverty - ANSWERSWhen a person does not have the income or wealth to fulfil their basic needs. Aggregate Demand (AD) - ANSWERSThe 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) - ANSWERSThe total amount of goods...

Edexcel A-Level Economics A: Definitions Exam 2024/2025 Questions With Completed & Verified Solutions.

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 can be ...

Edexcel A-Level Economics A: Definitions Exam Guide |Graded A+| 100% Correct Answers Absolute advantage *Ans* When a country's output of a product per unit of input is greater than that of any other country. Absolute poverty *Ans* When a person does not have the income or wealth to fulfil their basic needs. Aggregate Demand (AD) *Ans* 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 a...

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 can be supp...