Economics GCSE
Third Party
What Third Party means in Economics GCSE, as defined for Pearson Edexcel.
Definition of Third Party
Individuals, organisations, or society as a whole who are affected by an economic transaction but did not choose to be involved in it.
Topics that use Third Party
- Externalities (Pearson Edexcel GCSE)
Related terms
Using Third Party in the exam
Definition questions usually carry one or two marks, and examiners look for the precise wording. Write the definition from memory, check it against the version above, and then use the term in a longer answer on the same topic so it sticks.
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