The Business Cycle

Economic growth is measured by changes in the size of a nation’s income. There are a variety of ways to calculate national income, the...

PEST analysis

Before creating business plans or making decisions, it is important to 'scan' the external environment. This can be achieved through a PEST analysis, i.e....

Ethics

Big businesses command a lot of power and are able to choose between working in a way that benefits only the owners, and in...

Growth

Businesses grow for a number of reasons including to take advantage of a gap in the market, to gain a competitive advantage over rivals,...

Planned, market and mixed economies

Market, planned and mixed economies Three main sets of decisions need to be made by the economic system - what to produce, how to produce,...
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