Glossary

Reset Glossary
market economy

Subject: 

  • Economics

(also called the free market system or market capitalism) prices and quantities in the economy are controlled by the market forces of demand and supply.

Related Terms: 

market mechanism

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renewable resources
Subject:
Economics

resources that grow and follow an annual pattern of development.

urbanisation
Subject:
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the movement of people into towns and cities (urban areas) from rural areas.

service providers
Subject:
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those who provide a service.

deficit
Subject:
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when expenditure exceeds revenue.

mixed economic system
Subject:
Economics

a combination of market capitalism and central planning.

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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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