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In the UK 7% of children are privately educated compared with 24% in Japan. Evaluate whether the provision of education should be left solely to market forces.

Reasons why it should be left to market forces: • competition in the provision of education can increase choice. Different types of education may be provided => profit motive could make more educational i...
II
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Please show, using a diagram with explanation, the effect on the UK market for t-shirts of a flood in Bangladesh, a leading cotton growing nation.

Student should realise that the flood will reduce global supply of cotton, causing the supply curve on the diagram to shift left. The market equilibrium will therefore move along the demand curve until the p...
MM
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How do I answer an economics essay question?

Structure: A typical essay should start with an introduction, make 2-4 points, with each point having one paragraph to explain and analyse it and perhaps a separate paragraph to evaluate it, depending on how...
FG
Answered by Finlay G. • Economics tutor
13299 Views

What is the difference between actual output and and potential output?

Actual Output can be defined as the growth in the quantity of goods and services produced in a country, or in other words the percentage chance in GDP. While Potential Output is the change in the productive ...
BC
Answered by Ben C. • Economics tutor
70233 Views

Discuss the view that the measures taken to reduce the size of the budget deficit will inevitably result in a rise in unemployment in the UK.

The budget deficit of the government is the amount that needs to be borrowed in order to allow the government to spend what they want to. The budget deficit can be reduced by either tax increases or a reduct...
CL
Answered by Cameron L. • Economics tutor
10448 Views