Economics B A-Level
Mass markets
What Mass markets means in Economics B A-Level, as defined for Pearson Edexcel.
Definition of Mass markets
Check what you remember
Read the wording for your board, then hide it and explain Mass markets in your own words. Rough notes are fine. This is a self-check, with no mark or grade.
Reference: Pearson Edexcel
Markets where products are standardised for a large customer base with price elastic demand.
Topics that use Mass markets
- Price mechanism (Pearson Edexcel A-Level)
Related terms
- Capacity utilisation
- Market dynamics
- Niche markets
- Price elasticity of demand
- Price mechanism
- Profit maximisation
- Profit motive
- Resource allocation
Using Mass markets 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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