Productive potential
What Productive potential means in Economics A-Level, as defined for AQA.
Definition of Productive potential
Check what you remember
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Reference: AQA
An estimate based on trend growth, representing the sustainable level of output the economy can produce.
Topics that use Productive potential
- Economic growth and the economic cycle (AQA A-Level)
Related terms
- Aggregate demand
- Aggregate supply
- Asset price bubbles
- Economic fluctuations
- Externalities
- Inequality
- Inflationary pressures
- Long-run economic growth
Using Productive potential in the exam
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