AQA Economics A-level (specification 7135, 7136)
Specification 4.1.4.1 to 4.1.4.8
Includes:
- Measuring productivity, impact of increased productivity
- Policies to improve productivity
- Specialisation and the division of labour - advantages and disadvantages
- Costs of production
- Law of diminishing returns, economies of scale, LRAC
- Revenue and profit - function of profit
- Technological change, creative destruction
- Economies and diseconomies of scale (and evaluations)
- Minimum efficient scale
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