Substitutes and Complements | Reference Library - tutor2u
WEBOct 27, 2019 · Substitutes and Complements. In this micro video on the theory of demand, we look at substitute and complementary goods. You will come across these when you cover cross price elasticity of demand in introductory microeconomics. Substitute goods. Substitute goods are two alternative goods that could be used for the same purpose.
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Geography - tutor2u
WEBPaper 2 Urban Issues and Challenges Study Book for AQA GCSE Geography. 05-4130-30411-03. £4.95. Revision Guides.
Economics - tutor2u
WEBTheme 2 Study Book for Edexcel A-Level Economics. 02-4130-30357-01. £7.95. Revision Guides.
Explaining the Multiplier Effect | Reference Library - tutor2u
WEBNov 29, 2021 · The multiplier effect arises because one agent’s spending is another agent’s income. When a spending project creates new jobs for example, this creates extra injections of income and demand into a country’s circular flow. The negative multiplier effect occurs when an initial withdrawal or leakage of spending from the circular flow leads ...
Sociology - tutor2u
WEBEssential AQA A-Level Sociology: Teaching Research Methods. This self-paced online course provides comprehensive advice, support and ready-to-use resources to teach Research Methods for the AQA A-Level Sociology specification. View course. CPD (Online)
Conformity - Asch (1951) | Reference Library | Psychology - tutor2u
WEBSep 6, 2022 · Share : Asch (1951) conducted one of the most famous laboratory experiments examining conformity. He wanted to examine the extent to which social pressure from a majority, could affect a person to conform. Asch’s sample consisted of 50 male students from Swarthmore College in America, who believed they were taking part in …
Explaining the Price Mechanism | Reference Library - tutor2u
WEBMar 30, 2021 · Prices rise and fall to reflect scarcities and surpluses. If prices are rising because of high demand from consumers, this is a signal to suppliers to expand production to meet the higher demand. If there is excess supply in a market, the price mechanism will help to eliminate a surplus of a good by allowing the market price to fall. 2.
What are the main factors of production? | Reference Library
WEBJul 14, 2023 · The main factors of production are as follows: Land: This refers to all natural resources used in production, including land itself, as well as any minerals, water, forests, or other resources that are found in or on the land. Land is often considered a fixed factor because its supply is generally limited. Labour: Labour includes the physical and mental effort exerted by individuals in the ...
Robert K Merton's Strain Theory - Explained - tutor2u
WEBAug 31, 2020 · While Durkheim's concept of anomie was rather vague, Merton explains the idea in quite a detailed way: as the product of a strain between socially-accepted goals and the socially-accepted means to achieve them. While Merton's theory was based on 20 th century America, it is transferable to any contemporary, …
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