Economics B A-Level
Enforcement, redress and compensation
What Enforcement, redress and compensation means in Economics B A-Level, as defined for Pearson Edexcel.
Definition of Enforcement, redress and compensation
Check what you remember
Read the wording for your board, then hide it and explain Enforcement, redress and compensation in your own words. Rough notes are fine. This is a self-check, with no mark or grade.
Reference: Pearson Edexcel
Bodies that enforce protection and mechanisms for redress compensate consumers and deter poor firm behaviour.
Topics that use Enforcement, redress and compensation
- Business regulation (Pearson Edexcel A-Level)
Related terms
- Asymmetric information and market failure
- Consumer protection
- Consumer protection legislation and standards
- Franchising
- Market power
- Mergers and takeovers
- Natural monopoly
- Anti-competitive practices
Using Enforcement, redress and compensation in the exam
Check the command word and mark scheme for your exact question. After comparing your explanation with the reference, use the term in an answer on the linked topic. This practice does not predict an exam mark.
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