Economics B A-Level
Invisibles
What Invisibles means in Economics B A-Level, as defined for Pearson Edexcel.
Definition of Invisibles
Check what you remember
Read the wording for your board, then hide it and explain Invisibles in your own words. Rough notes are fine. This is a self-check, with no mark or grade.
Reference: Pearson Edexcel
Intangible services, such as banking, insurance, tourism, and education.
Topics that use Invisibles
- International trade (Pearson Edexcel A-Level)
Related terms
- Comparative advantage
- Opportunity cost
- Over-specialisation
- Specialisation
- Trade creation
- Trade diversion
- Trading blocs
- Customs union
Using Invisibles 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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