Jaisul Naik - Tooting Tutors (Page 24)

18 Feb 2025 1 min read

Explain how fiscal policy can be used to try to improve the supply side of an economy. (June 2018)

Fiscal policy is the use of government spending and taxation to influence aggregate demand in the economy. Aggregate demand is the total planned spending in the economy and it consists of consumer spending,

14 Feb 2025 1 min read

GCSE Maths | Ratios

Question 1 Question 2 Question 3 Question 4 Question 5 Question 6 Question 7 Question 8 Question 9 Question 10 Question 11 Question 12

12 Feb 2025 1 min read

Minimum Wage | A-Level Economics Model Paragraph (AQA, Edexcel, OCR)

One policy the government could use to reduce differences in wages is to increase the mininum wage for low earners. This is a wage below which it is illegal to hire workers at,

12 Feb 2025 2 min read

Externalities | A-Level Economics Model Paragraph (AQA, Edexcel, OCR)

Negative Externalities in Consumption The diagram shows a market failure (misallocation of resources) with fast food. Fast food is a demerit good as it has negative externalities in consumption. This means there is

12 Feb 2025 1 min read

Public Goods | A-Level Economics Model Paragraph (AQA, Edexcel, OCR)

Complete market failure is when there is a missing market - and this happens if we rely on a free market to provide public goods. Public goods are non-rival and non-excludable. Non-excludable means