Law of Demand
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The price of a good falls, quantity demanded increases.
The Nextutor Economics flashcard library has 6 decks and 90 cards across 6 topics for A-Level, including Microeconomics — Supply and Demand, Microeconomics — Market Structures, Macroeconomics — GDP, Growth and Business Cycle and more.
Law of Demand
The price of a good falls, quantity demanded increases.
Perfect Competition
A market with many firms and free entry and exit.
What is GDP?
GDP is the total value of goods and services produced within a country.
What is inflation?
A sustained increase in the general price level of goods and services.
Gains from trade
Countries specialise and exchange goods to increase efficiency and output.
Labour market
A market where workers supply labour and firms demand labour.
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The library currently covers 6 topics: Microeconomics — Supply and Demand; Microeconomics — Market Structures; Macroeconomics — GDP, Growth and Business Cycle; Macroeconomics — Inflation and Unemployment; International Trade and Balance of Payments; Labour Markets and Wage Determination. New decks are added over time.
These decks are general rather than tagged to a specific exam board. Check the content against your own specification.
There are 6 decks with 90 cards in total. Each card has a question on the front and the answer on the back.
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