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Firms
Categorize firms based on their sectors (primary, secondary, tertiary) and whether they are in the private or public sector, along with their relative sizes. Note that in-depth knowledge of various firm structures is not necessary.
5
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50
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35
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90 min
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CambridgeIGCSEEconomicsSubject content
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Firms outcomes5 objectives
- Categorize firms based on their sectors (primary, secondary, tertiary) and whether they are in the private or public sector, along with their relative sizes. Note that in-depth knowledge of various firm structures is not necessary.
- Discuss the pros and cons of small firms, the difficulties they encounter, and the reasons for their existence in the market.
- Examine the reasons and types of firm growth, including internal growth such as gaining market share and external growth like mergers.
- Explore different types of mergers, including horizontal, vertical, and conglomerate, along with their examples, benefits, and drawbacks.
- Understand how internal and external economies and diseconomies of scale impact a firm or industry as production levels change.
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