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Assess how important government policies, other than taxation, are to a business when deciding where to locate its operations. (12)

Government policies primarily affecting business consist largely of decisions affecting market regulation and public spending. For some businesses, higher than average levels of regulation are likely to be a...
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Answered by Todd O. • Economics tutor
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Evaluate the possible impact on economic performance that may result from a government decision to bring cost-push inflation under control. (15 marks)

When inflation is due to being cost-push, the government uses supply-side policies, which manipulate and influence the supply curve in the long term, to increase the level of aggregate supply, as mentioned i...
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Answered by Olivia D. • Economics tutor
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What is a monopoly?

By technical definition a monopoly is a firm which holds 100% of a market, however in the UK the competition authorities define a legal Monopoly as a firm holding over 25% power within a market. Monopolies a...
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Answered by Meerav S. • Economics tutor
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What is the difference between demand and aggregate demand?

It’s very important to understand the meaning of those two concepts and the difference between them. We could consider demand for apples in for example a small village or a shop, but when we talk about aggre...
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Answered by Kaja K. • Economics tutor
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With the help of a diagram, explain the cause of demand-deficient unemployment.

One of the main macroeconomic goals of an economy is to keep unemployment levels low. Unemployment is the state when people who are actively seeking a job are unable to find one. A government hopes to achiev...
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Answered by Olivia D. • Economics tutor
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