Economics B A-Level
Interdependence
What Interdependence means in Economics B A-Level, as defined for Pearson Edexcel.
Definition of Interdependence
Check what you remember
Read the wording for your board, then hide it and explain Interdependence in your own words. Rough notes are fine. This is a self-check, with no mark or grade.
Reference: Pearson Edexcel
A characteristic of an oligopoly where the actions of one firm directly impact its rivals' decisions and market share.
Topics that use Interdependence
- Oligopoly (Pearson Edexcel A-Level)
Related terms
- Competition regulation
- Concentration ratio
- Market power
- Monopoly power
- Non-price competition
- Oligopoly
- Price discrimination
- Price stability
Using Interdependence 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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