Survival
What Survival means in Economics B A-Level, as defined for Pearson Edexcel.
Definitions of Survival
Exam boards and our study guides word this term in slightly different ways. Learn the version your board uses.
Check what you remember
Read the wording for your board, then hide it and explain Survival in your own words. Rough notes are fine. This is a self-check, with no mark or grade.
Reference: Pearson Edexcel
An objective during an economic downturn that may result in short-term decisions like liquidating stock at a discount.
A primary objective for new businesses or during periods of economic recession.
Topics that use Survival
- Business objectives (Pearson Edexcel A-Level)
- Supply (Pearson Edexcel A-Level)
Related terms
- Profit maximisation
- Sales maximisation
- Ceteris paribus
- Contraction
- Ethical production
- Extension
- Market share
- Movement along a supply curve
Using Survival 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.
Practise Economics B questions
Create a free account to answer exam-style questions on this topic and get feedback on your answers.
A week of Premium from your first lesson · Then the free plan continues · No card, no charge