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Quantitative easing is a monetary policy instrument undertaken by the central bank. The aim of the policy is to increase money supply (liquidity) in the economy - encouraging spending and investment. This is...

Unlike part (a) questions which are weighed at 10 marks, and tests your knowledge and understanding, application and analysis, and your selection, use appropriate skills and techniques . Part (b) requires yo...

Direct taxes are taxes imposed on people's income or wealth, and on firms' profits. Indirect taxes are also known as expenditure taxes, and are taxes consumers pay to a seller by buying the good and the sell...

Less free trade with EU The European Union is an important source and target for inward investment. Many European companies have invested in the UK and the UK earns revenue from investment in the EU. If the ...

Price elasticity of demand (PED) is a measure used to show the responsiveness of the quantity demand of a good to a price change and is generally expressed in percentages. This is extremely important for fir...