Top answers

Why are UK government gilt (bond) yields rising and why is that bad?

A bond or a gilt is a way of borrowing money for corporations or governments. For example, if an imaginary government wanted to borrow $100, it could issue a single bond, and an investor could buy that bond ...
RG
Answered by Rudolfs G. • Economics tutor
27089 Views

Can you explain the difference between joint demand and competitive demand?

Competitive Demand means You can derive equal satisfaction from either product e.g. substitutes like jam and marmalade. Therefore jam and marmalade are in competitive demand. Whereas goods in joint Demand a ...
SW
Answered by Sophie W. • Economics tutor
29828 Views

How does actual economic growth differ to potential economic growth?

Actual economic growth can also be known as demand side economic growth because it is affected by changes in the demand in an economy. It is an increase in output as measured by real GDP/ national income. It...
SW
Answered by Sophie W. • Economics tutor
34608 Views

Explain the difference between short term growth and long term growth

Short term growth is, as the name suggests, growth in the output of a country in terms of GDP over a given (short, usually a year) period of time. It is measured by the annual percentage change in GDP. Long ...
DJ
Answered by David J. • Economics tutor
60956 Views

What characteristics might a perfectly competitive market have? Choose 3 (6 marks)

The first characteristic is that the products are homogenous, meaning there is little difference between the quality of the goods being sold by the individual firms. The second characteristic is that all the...
SS
Answered by Salah S. • Economics tutor
3222 Views