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Why is the concept of the “marginal “ so important in economics?

“Marginal” in economics means “additional” and “extra”. It is the idea that firms may take decisions by considering the effect of small changes from the existing situation. Economists rely heavily on t...

Answered by Tiffany C. • Economics tutor

26397 Views

Explain the factors influencing short run and long run aggregate supply

Factors affecting the short run aggregate supply includes factor costs, temporary supply shocks, government policies with short-term effects and expectation of price level.

Answered by Tiffany C. • Economics tutor

36856 Views

How do I stucture an essay?

When approaching answering an essay, first look at the question. Read it through several times. It may seem obvious, but you have to answer the question, not plonk down everything you know.Most of the que...

Answered by Elizabeth D. • English Literature tutor

4211 Views

How can I improve my speaking examination?

Foreign students tend to struggle with their speaking examinations. In order to improve you Spanish oral skills there are two simple methods:

1) Watch Spanish Tv series. Watching Spanish ...

Answered by Carlos H. • Spanish tutor

2210 Views

What is the best way to understand the European Union?

The European Union is a complex entity, which has developed gradually since the end of the Second World War (1945) through the addition of new powers, organizations and member-states.

In ...

Answered by Torr R. • Government and Politics tutor

2460 Views