Substitutes and Complements | Reference Library - tutor2u
WEBOct 27, 2019 · Substitutes and Complements. In this micro video on the theory of demand, we look at substitute and complementary goods. You will come across these when you cover cross price elasticity of demand in introductory microeconomics. Substitute goods. Substitute goods are two alternative goods that could be used for the same purpose.
Economics - tutor2u
WEBTheme 2 Study Book for Edexcel A-Level Economics. 02-4130-30357-01. £7.95. Revision Guides.
What are the main factors of production? | Reference Library
WEBJul 14, 2023 · The main factors of production are as follows: Land: This refers to all natural resources used in production, including land itself, as well as any minerals, water, forests, or other resources that are found in or on the land. Land is often considered a fixed factor because its supply is generally limited. Labour: Labour includes the physical and mental effort exerted by individuals in the ...
Families: Forms of Family Diversity | Reference Library - tutor2u
WEBSep 15, 2022 · Families: Forms of Family Diversity. Some sociologists argue that there is no “normal” family, but instead a broad diversity of family and household forms in the UK today. There are a number of reasons for this increased diversity, including: Secularisation (as religion has become less central to UK society, so people are more likely to ...
The Biological Approach | Reference Library - tutor2u
WEBSep 5, 2022 · The approach is considered reductionist; complex behaviour, thoughts and emotions are all equally explained by low-level biological mechanisms such as biochemicals and nerve impulses. Biology alone has been unable to explain the phenomenon of consciousness. An extreme biological approach does not account for the wide base of evidence that ...
Explaining the Multiplier Effect | Reference Library - tutor2u
WEBNov 29, 2021 · The multiplier effect arises because one agent’s spending is another agent’s income. When a spending project creates new jobs for example, this creates extra injections of income and demand into a country’s circular flow. The negative multiplier effect occurs when an initial withdrawal or leakage of spending from the circular flow leads ...
Functionalism | Topics | Sociology - tutor2u
WEBOct 11, 2023 · Functionalism is one of the key sociological perspectives and is known as a consensus theory as it is characterised by the idea that society requires shared norms and values in order for it function properly. Institutions in society (such as the family, education, the media, etc.) have clear social functions, which ensure there is a broad consensus about the norms and values of society and ...
The Psychodynamic Approach | Reference Library - tutor2u
WEBSep 6, 2022 · The Psychodynamic Approach. Sigmund Freud – psychiatrist, neurologist and key pioneer of the psychodynamic approach (including his psychoanalytic theory of personality) – theorised that our mental activity is mostly unconscious, and it is this unconscious activity that causes our behaviour. He …
GCSE Economics - 100 multi-choice revision questions
WEBMay 10, 2019 · Here are 100 multi-choice revision questions for GCSE Economics split into two quizzes (one for micro and one for macro). In each quiz, 10 questions are randomly taken from a bank of the 50 that are available so the quiz can be attempted several times. The questions have been written with both the AQA and OCR specifications in mind. Micro quiz (including introduction to economics, demand and ...
Resource Scarcity | Reference Library | Economics - tutor2u
WEBAug 28, 2020 · Resource scarcity is essentially about current demand for a resource exceeding available supply. But what matters is that this scarcity has potentially huge implications for how we lead our lives and the economic prosperity of communities, countries and regions. Resource scarcity occurs when demand for a natural resource is greater than the ...