Glossary

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imperfect market

Subject: 

  • Economics

one in which the individual producers (or group of producers) or consumers can influence the price by changing the amountof goods supplied.

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when the long run average cost per unit rises with an increase in output.

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total variable cost of production divided by the output of production

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when the state guarantees payment for exporters if foreign buyers do not pay for the goods they...

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Exam practice is essential. Make sure your student has access to practice exam papers for the subjects they take. Make sure the exam papers relate to the correct version of the curriculum.

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Studying should be active. Your child should be making notes, working through examples, doing practice exam papers and testing herself on the sections she is studying.

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Formulae sheets or key concept sheets are useful for quick revision. Get your teenager to stick them on the wall in their room. The more they look at the formulae and key concepts, the more likely...

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Different study methods work for different students. Find out what works for your child so you understand how you can support him or her.

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