The EzyEducation website uses cookies to help ensure we give you the best experience.
If you continue without changing your settings, we assume that you are happy to receive all cookies on the EzyEducation website.
Please refer to our Privacy and Cookies Statement to

find out more.

Continue

Business Studies Recap Day 4 - Markets

Day 4 of our Year 12 Recap, we are moving on to analysing how markets operate in a business environment!

 

Markets operate as the place where buyers of a particular good or service are able to meet the sellers of those goods and services. The amount that is purchased at every given price level represents the demand in the market. The amount that businesses wish to produce and supply at every given price level represents the supply at every given price level. The forces of demand and supply interact to determine the prevailing equilibrium price level and quantity sold.

It is important to be comfortable with how markets work to ensure that you are able to discuss the factors which can affect the performance of a business in an essay.

Here Jack guides you through the markets revision slide:

Year 12 Recap - PED
Countdown to Exams - Day 17 - Mean, Median, Mode, ...
 

Comments

No comments made yet. Be the first to submit a comment
Already Registered? Login Here
Guest
Tuesday, 17 May 2022
Forgot your password?