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Revision: Growth of Businesses
30th March 2008
The growth of businesses is related to several other topics at A2 level – including:
Economies of scale and scope Development of monopoly power in markets Different objectives of businesses e.g. growth max rather than pure profit max The role of profit in allocating scarce resources Competition policy and economic welfare – market power issues
This 3 page revision note looks at why firms grow and how they grow with lots of recent examples to supplement your notes. There are no analysis diagrams in this revision note - but do think about which diagrams you might be able to use.
Revision note: Business_Growth.pdf
Geoff Riley
Geoff Riley FRSA has been teaching Economics for over thirty years. He has over twenty years experience as Head of Economics at leading schools. He writes extensively and is a contributor and presenter on CPD conferences in the UK and overseas.