Edexcel A Level Economics A:复习笔记4.5.2 Taxation
Progressive, Proportional & Regressive Taxes Tax systems can be classified as progressive, proportional or regressive Most countries have a mix of progressive (direct taxation) & regressive...
Edexcel A Level Economics A:复习笔记4.5.1 Public Expenditure
Capital Expenditure, Current Expenditure & Transfer Payments Public expenditure (government spending) represents a significant portion of the aggregate demand (AD) in many economies. The expend...
Edexcel A Level Economics A:复习笔记4.4.3 Role of Central Banks
Key Functions of Central Banks Central Banks play a vital role in maintaining stability in the financial system. Additionally, the policy tools at their disposal help to meet Government economic ob...
Edexcel A Level Economics A:复习笔记4.4.2 Market Failure in the Financial Sector
Market Failure in the Financial Sector Market failure in financial markets has far reaching consequences. The Global Financial Crisis of 2008 highlighted the interdependence & fragility of the ...
Edexcel A Level Economics A:复习笔记4.4.1 Role of Financial Markets
Role of Financial Markets Financial markets are any place or system that provides buyers & sellers the means to exchange goods/services & trade financial instruments These include bonds, eq...
Edexcel A Level Economics A:复习笔记4.3.3 Strategies Influencing Growth & Development
Market-orientated Strategies Market-orientated strategies are strategies that create the conditions for private individuals & firms to pursue economic activity with the aim of maximising profit...
Edexcel A Level Economics A:复习笔记4.3.2 Factors Influencing Growth & Development
Economic Factors That Influence Growth & Development Data shows that economic growth has a very positive impact on economic development In most cases growth precedes development, but his is not...
Edexcel A Level Economics A:复习笔记4.3.1 Measures of Development
Measures of Development Economic development is the sustainable increase in living standards for a country, typically characterised by increases in life span, education levels, & income There a...
Edexcel A Level Economics A:复习笔记4.2.2 Inequality
Inequality Income & wealth inequality are two different concepts Income inequality refers to the unequal distribution (flow) of income to households i.e rent, wages, interest & profit Wealt...
