Economics B A-Level
Stable market
What Stable market means in Economics B A-Level, as defined for Pearson Edexcel.
Definition of Stable market
Check what you remember
Read the wording for your board, then hide it and explain Stable market in your own words. Rough notes are fine. This is a self-check, with no mark or grade.
Reference: Pearson Edexcel
A market with predictable demand, established consumer preferences and slow technological change, where innovation is usually incremental.
Topics that use Stable market
- The competition (Pearson Edexcel A-Level)
Related terms
- Branding
- Competitive advantage
- Dynamic market
- Gaps in the market
- Market structure
- Price elasticity of demand
- Pricing strategies
- Profit maximisation
Using Stable market in the exam
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