IGCSE Economics Unit 4
0.0(0)Studied by 1 person
Call Kai
Learn
Practice Test
Spaced Repetition
Match
Flashcards
Knowt PlayCard Sorting
1/3
Earn XP
Description and Tags
Last updated 6:07 AM on 8/24/24
Name | Mastery | Learn | Test | Matching | Spaced | Call with Kai |
|---|
No analytics yet
Send a link to your students to track their progress
4 Terms
1
New cards
Local government
A government organisation with the authority to administer a range of policies within an area of the country
2
New cards
Natural monopoly
Natural monopoly: an industry where a single firm can produce at a lower average cost than two or more firms because of the existence of significant economies of scale.
3
New cards
Strategic industries
industries that are important for the economic development and safety of the country
4
New cards
National champions
industries that are or have the potential to be world leaders
