Economics B A-Level
Dynamic market
What Dynamic market means in Economics B A-Level, as defined for Pearson Edexcel.
Definition of Dynamic market
Check what you remember
Read the wording for your board, then hide it and explain Dynamic market in your own words. Rough notes are fine. This is a self-check, with no mark or grade.
Reference: Pearson Edexcel
A market subject to rapid, continuous change, high uncertainty and frequent innovation, driven by technological advancements, shifting consumer trends or disruptive new entrants.
Topics that use Dynamic market
- The competition (Pearson Edexcel A-Level)
Related terms
- Branding
- Competitive advantage
- Gaps in the market
- Market structure
- Price elasticity of demand
- Pricing strategies
- Profit maximisation
- Stable market
Using Dynamic market in the exam
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