
I've taught A-Level economics since 1999 and examined it for Edexcel. I built this so you can drill the concepts and diagrams that actually come up, until they stick.
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I've taught A-Level economics since 1999 and examined it for Edexcel. I built this so you can drill the concepts and diagrams that actually come up, until they stick.
My economics videos and revision drillssupercharged with
expert curated exercisesspaced repetition flashcards
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tailored to your course& adapted to your memory
Order these steps to show how a society achieves long-run growth through investment.
Reduction in the current consumption of consumer goods
Allocation of resources towards the production of capital goods
Increase in the economy's total capital stock
Outward shift of the Production Possibility Frontier
It lets you isolate the relationship between two variables by holding everything else constant. Without it, you could never tell which change caused which effect. It is covered in the Economic Methodology topic.
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