Economics B A-Level
Market interrelationships
What Market interrelationships means in Economics B A-Level, as defined for Pearson Edexcel.
Definition of Market interrelationships
Check what you remember
Read the wording for your board, then hide it and explain Market interrelationships in your own words. Rough notes are fine. This is a self-check, with no mark or grade.
Reference: Pearson Edexcel
The way markets do not operate in isolation, so that changes in one market ripple through to others via derived demand, joint supply, composite demand, and substitute or complementary goods.
Topics that use Market interrelationships
- Productive and allocative efficiency (Pearson Edexcel A-Level)
Related terms
- Allocative efficiency
- Consumer preferences
- Labour productivity
- Market orientation
- Opportunity cost
- Productive efficiency
- Trade-offs
- Human capital investment
Using Market interrelationships 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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