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FUNDAMENTAL ECONOMIC CONCEPTS
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analysis areas assets average balance of payments Bank of England capital cent Chapter companies competition consumer countries currency decisions deficit demand curve deposits discount economic effect elasticity of demand employment eurocurrency example exchange rate expenditure export factors Figure finance firm's firms fixed funds gold growth HMSO impact important increase incremental industry inflation interest rates investment labour less liquidity manufacturing marginal cost marginal revenue maximisation measures mergers million monetary money supply Monopolies Commission monopoly national income normally official opportunity cost output overseas perfect competition period plant post-war practice problems profits projects public sector purchase ratios reduce relatively reserves rise SDRs selling share shareholders short run short term Statistics Table tend theory trade trade unions trend UK's unions United United Kingdom usually variable costs vary wage Whilst workers