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Individuals, firms, markets and market failure key terms

Study Individuals, firms, markets and market failure with curriculum-aligned Key Terms resources, practice links, and exam-focused support.

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key terms

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Individuals, firms, markets and market failure

AqaA LevelEconomicsPaper 1 Markets and market failure

Key terms

  • Economic methodology

    Economic methodology is the AQA 7136 economic concept for Economic methodology. Use it for AO1 by defining the idea accurately, then apply it to Economic methodology and the economic problem rather than treating the term as a loose label.

  • Economic methodology application

    Economic methodology application is the AO2 application cue for Economic methodology. Connect it to the relevant consumer, firm, market, government, macro, policy or data context before starting analysis.

  • The nature and purpose of economic activity

    The nature and purpose of economic activity is the AQA 7136 economic concept for The nature and purpose of economic activity. Use it for AO1 by defining the idea accurately, then apply it to Economic methodology and the economic problem rather than treating the term as a loose label.

  • The nature and purpose of economic activity application

    The nature and purpose of economic activity application is the AO2 application cue for The nature and purpose of economic activity. Connect it to the relevant consumer, firm, market, government, macro, policy or data context before starting analysis.

  • Economic resources

    Economic resources is the AQA 7136 economic concept for Economic resources. Use it for AO1 by defining the idea accurately, then apply it to Economic methodology and the economic problem rather than treating the term as a loose label.

  • Economic resources application

    Economic resources application is the AO2 application cue for Economic resources. Connect it to the relevant consumer, firm, market, government, macro, policy or data context before starting analysis.

  • Scarcity, choice and the allocation of resources

    Scarcity, choice and the allocation of resources is the AQA 7136 economic concept for Scarcity, choice and the allocation of resources. Use it for AO1 by defining the idea accurately, then apply it to Economic methodology and the economic problem rather than treating the term as a loose label.

  • Scarcity, choice and the allocation of resources application

    Scarcity, choice and the allocation of resources application is the AO2 application cue for Scarcity, choice and the allocation of resources. Connect it to the relevant consumer, firm, market, government, macro, policy or data context before starting analysis.

  • Production possibility diagrams

    Production possibility diagrams is the AQA 7136 economic concept for Production possibility diagrams. Use it for AO1 by defining the idea accurately, then apply it to Economic methodology and the economic problem rather than treating the term as a loose label.

  • Production possibility diagrams application

    Production possibility diagrams application is the AO2 application cue for Production possibility diagrams. Connect it to the relevant consumer, firm, market, government, macro, policy or data context before starting analysis.

  • Consumer behaviour

    Consumer behaviour is the AQA 7136 economic concept for Consumer behaviour. Use it for AO1 by defining the idea accurately, then apply it to Individual economic decision making rather than treating the term as a loose label.

  • Consumer behaviour application

    Consumer behaviour application is the AO2 application cue for Consumer behaviour. Connect it to the relevant consumer, firm, market, government, macro, policy or data context before starting analysis.

  • Imperfect information

    Imperfect information is the AQA 7136 economic concept for Imperfect information. Use it for AO1 by defining the idea accurately, then apply it to Individual economic decision making rather than treating the term as a loose label.

  • Imperfect information application

    Imperfect information application is the AO2 application cue for Imperfect information. Connect it to the relevant consumer, firm, market, government, macro, policy or data context before starting analysis.

  • Aspects of behavioural economic theory

    Aspects of behavioural economic theory is the AQA 7136 economic concept for Aspects of behavioural economic theory. Use it for AO1 by defining the idea accurately, then apply it to Individual economic decision making rather than treating the term as a loose label.

  • Aspects of behavioural economic theory application

    Aspects of behavioural economic theory application is the AO2 application cue for Aspects of behavioural economic theory. Connect it to the relevant consumer, firm, market, government, macro, policy or data context before starting analysis.

  • Behavioural economics and economic policy

    Behavioural economics and economic policy is the AQA 7136 economic concept for Behavioural economics and economic policy. Use it for AO1 by defining the idea accurately, then apply it to Individual economic decision making rather than treating the term as a loose label.

  • Behavioural economics and economic policy application

    Behavioural economics and economic policy application is the AO2 application cue for Behavioural economics and economic policy. Connect it to the relevant consumer, firm, market, government, macro, policy or data context before starting analysis.

  • The determinants of the demand for goods and services

    The determinants of the demand for goods and services is the AQA 7136 economic concept for The determinants of the demand for goods and services. Use it for AO1 by defining the idea accurately, then apply it to Price determination in a competitive market rather than treating the term as a loose label.

  • The determinants of the demand for goods and services application

    The determinants of the demand for goods and services application is the AO2 application cue for The determinants of the demand for goods and services. Connect it to the relevant consumer, firm, market, government, macro, policy or data context before starting analysis.

  • Price, income and cross elasticities of demand

    Price, income and cross elasticities of demand is the AQA 7136 economic concept for Price, income and cross elasticities of demand. Use it for AO1 by defining the idea accurately, then apply it to Price determination in a competitive market rather than treating the term as a loose label.

  • Price, income and cross elasticities of demand application

    Price, income and cross elasticities of demand application is the AO2 application cue for Price, income and cross elasticities of demand. Connect it to the relevant consumer, firm, market, government, macro, policy or data context before starting analysis.

  • The determinants of the supply of goods and services

    The determinants of the supply of goods and services is the AQA 7136 economic concept for The determinants of the supply of goods and services. Use it for AO1 by defining the idea accurately, then apply it to Price determination in a competitive market rather than treating the term as a loose label.

  • The determinants of the supply of goods and services application

    The determinants of the supply of goods and services application is the AO2 application cue for The determinants of the supply of goods and services. Connect it to the relevant consumer, firm, market, government, macro, policy or data context before starting analysis.

  • Price elasticity of supply

    Price elasticity of supply is the AQA 7136 economic concept for Price elasticity of supply. Use it for AO1 by defining the idea accurately, then apply it to Price determination in a competitive market rather than treating the term as a loose label.

  • Price elasticity of supply application

    Price elasticity of supply application is the AO2 application cue for Price elasticity of supply. Connect it to the relevant consumer, firm, market, government, macro, policy or data context before starting analysis.

  • The determination of equilibrium market prices

    The determination of equilibrium market prices is the AQA 7136 economic concept for The determination of equilibrium market prices. Use it for AO1 by defining the idea accurately, then apply it to Price determination in a competitive market rather than treating the term as a loose label.

  • The determination of equilibrium market prices application

    The determination of equilibrium market prices application is the AO2 application cue for The determination of equilibrium market prices. Connect it to the relevant consumer, firm, market, government, macro, policy or data context before starting analysis.

  • The interrelationship between markets

    The interrelationship between markets is the AQA 7136 economic concept for The interrelationship between markets. Use it for AO1 by defining the idea accurately, then apply it to Price determination in a competitive market rather than treating the term as a loose label.

  • The interrelationship between markets application

    The interrelationship between markets application is the AO2 application cue for The interrelationship between markets. Connect it to the relevant consumer, firm, market, government, macro, policy or data context before starting analysis.

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