Economics B A-Level
Potential skills shortages
What Potential skills shortages means in Economics B A-Level, as defined for Pearson Edexcel.
Definition of Potential skills shortages
Check what you remember
Read the wording for your board, then hide it and explain Potential skills shortages in your own words. Rough notes are fine. This is a self-check, with no mark or grade.
Reference: Pearson Edexcel
Rapid expansion can leave a growing firm struggling to recruit enough qualified staff to meet increased demand, forcing it to pay higher wages or accept lower productivity.
Topics that use Potential skills shortages
- Growth (Pearson Edexcel A-Level)
Related terms
- Culture clash
- Economies of scale
- Internal communication
- Market power
- Market share
- Mergers and acquisitions
- Profitability
- Corporate culture
Using Potential skills shortages in the exam
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