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  2.  
  3. PEARSON (PEARSON)
  4.  
  5. Economics A
  6.  
  7. Unit 3 - Business behaviour and the labour market

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Summary A* examples from professors for theme 3
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  • Course
  • Unit 3 - Business behaviour and the labour market
  • Institution
  • PEARSON (PEARSON)
  • Book
  • Edexcel AS/A level Eco 6th edition Student Book

EXAM IS COMING!!!!! This is everything you need for this topic! I got A* studying this, soooooo it will probably reduce your time and effort to find a tutor and it will be more beneficial than your class notes!!! Check out for other summaries in my uploads.

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  • Theme 3
  • January 20, 2023
  • 9
  • 2022/2023
  • Summary

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  • PEARSON (PEARSON)
  • Economics A
  • Unit 3 - Business behaviour and the labour market
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Companies:
Energy/gas and electricity market: Oligopoly
E.g. British Gas, EON, SSE, EDF
Government intervention:
Creating database for them to switch market
Create smart meters
Price cap on the level of energy bill


Substitutes: Hydropower is the only renewable source of energy that can replace
fossil fuels' electricity production while satisfying growing energy needs
Petroleum AKA crude oil AKA oil


Fossil fuels example: coal, coal products, natural gas, derived gas, crude oil,
petroleum products and non-renewable wastes


Supermarket chain: oligopoly




 Sainsbury's-Asda merger blocked by regulator
 CMA says it would raise prices at the supermarkets' petrol
stations and lead to longer checkout queues
Why they merge?
 Planned to bring a £1bn price cut and to compete with discounters like
Aldi and Lidl in the increasingly competitive grocery
 Promised to sell between 125 and 150 of their supermarkets to allow
the merger, along with some petrol stations
 Reduce quality and quantity = worse shopping experience + higher
prices

, NLW:




Showing over the years, discounters are doing better and increasing market share


Airline industry: oligopoly




Pollution issue:


Maybe external DOS:

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