Glossary

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mixed economy

Subject: 

  • Economics

a combination of market capitalism and a centrally planned economy; in practice all countries have a mixed economy which may lean more towards market capitalism (e.g. USA) or the centrally planned economic system (e.g. Sweden)

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GEAR
Subject:
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rent-seeking
Subject:
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improving the welfare of someone at the expense of the welfare of others.

peak
Subject:
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the high points in the business cycle.

circular flow
Subject:
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the movement of goods and services and income and expenditure in the economy.

returns to scale
Subject:
Economics

changes in production which occur when all resources are changed in the long run.

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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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