Economics GCSE
Production versus consumption
What Production versus consumption means in Economics GCSE, as defined for AQA.
Definition of Production versus consumption
Check what you remember
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Reference: AQA
A distinction between external costs arising from making a product and those arising from using it, which must be clearly stated.
Topics that use Production versus consumption
- Externalities (AQA GCSE)
Related terms
- Externality
- Market failure
- Misallocation of resources
- Negative externalities
- Negative externality
- Positive externality
- Resource allocation
- Third party
Using Production versus consumption in the exam
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