Economics A-Level
Growth
What Growth means in Economics A-Level, as defined for AQA.
Definition of Growth
Check what you remember
Read the wording for your board, then hide it and explain Growth in your own words. Rough notes are fine. This is a self-check, with no mark or grade.
Reference: AQA
An objective that allows firms to exploit economies of scale and reduce average costs.
Topics that use Growth
- The objectives of firms (AQA A-Level)
Related terms
- Bounded rationality
- Business objectives
- Corporate governance
- Corporate social responsibility
- Firm performance and efficiency
- Marginal cost
- Marginal revenue
- Principal-agent problem
Using Growth 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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