Economics B A-Level
Static model
What Static model means in Economics B A-Level, as defined for Pearson Edexcel.
Definition of Static model
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Reference: Pearson Edexcel
A model that struggles to account for dynamic market conditions, multi-product businesses or changes in the external economic environment, making it less reliable for long-term strategic planning.
Topics that use Static model
- The relationship between revenue and costs (Pearson Edexcel A-Level)
Related terms
- Break-even analysis
- Break-even output
- Break-even point
- Business viability
- Contribution per unit
- Economies of scale
- Financial risk
- Fixed costs
Using Static model in the exam
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