Economics GCSE
Spare capacity
What Spare capacity means in Economics GCSE, as defined for AQA.
Definition of Spare capacity
Check what you remember
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Reference: AQA
Its availability allows firms to increase output quickly without significant cost increases, making supply more elastic.
Topics that use Spare capacity
- Price elasticity of supply (AQA GCSE)
Related terms
- Consumer affordability
- Factor mobility
- Price elastic supply
- Price elasticity of supply
- Price inelastic supply
- Production capacity
- Time periods
- Time periods in economics
Using Spare capacity in the exam
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