Economics GCSE
Time periods
What Time periods means in Economics GCSE, as defined for AQA.
Definition of Time periods
Check what you remember
Read the wording for your board, then hide it and explain Time periods in your own words. Rough notes are fine. This is a self-check, with no mark or grade.
Reference: AQA
A crucial determinant of elasticity, since supply is generally more inelastic in the short run as firms cannot easily acquire new capital, but becomes more elastic in the long run.
Topics that use Time periods
- Price elasticity of supply (AQA GCSE)
Related terms
- Consumer affordability
- Factor mobility
- Price elastic supply
- Price elasticity of supply
- Price inelastic supply
- Production capacity
- Spare capacity
- Time periods in economics
Using Time periods 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.
Practise Economics questions
Create a free account to answer exam-style questions on this topic and get feedback on your answers.
Start free
All Economics GCSE termsA week of Premium from your first lesson · Then the free plan continues · No card, no charge