Micro and Macro Aspects of Factors affecting Business Profits | Synoptic Paper 3 | A Level Economics
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This video looks at some
This video looks at some of the micro and macroeconomic factors that can influence the level of profits made by businesses.
VIDEO TIMESTAMPS
00:00 - Introduction to micro and macro factors influencing business profits.
00:32 - Decline in UK's net rate of return on Capital employment, indicating lower overall profitability.
01:11 - Micro factor: Changes in costs affecting profitability.
02:15 - Micro factor: Impact of competition on business profits.
03:22 - Macro factor: Exchange rate's influence on exports.
03:53 - Macro factor: Growth of demand in the economic cycle.
05:32 - Macro factor: Effect of rising taxes on consumption and demand.
06:11 - Conclusion emphasizing the importance of analyzing micro and macro factors for business profitability.
VIDEO SUMMARY
This video explores micro and macro factors affecting business profits. It discusses the decline in UK's overall profitability and examines micro factors like changing costs and competition. The impact of the exchange rate on exports and the role of demand in the economic cycle are discussed as macro factors. The video concludes by emphasizing the significance of analyzing both micro and macro factors for understanding business profitability.
#economics #businesseconomics #profits #edexceleconomics
VIDEO TIMESTAMPS
00:00 - Introduction to micro and macro factors influencing business profits.
00:32 - Decline in UK's net rate of return on Capital employment, indicating lower overall profitability.
01:11 - Micro factor: Changes in costs affecting profitability.
02:15 - Micro factor: Impact of competition on business profits.
03:22 - Macro factor: Exchange rate's influence on exports.
03:53 - Macro factor: Growth of demand in the economic cycle.
05:32 - Macro factor: Effect of rising taxes on consumption and demand.
06:11 - Conclusion emphasizing the importance of analyzing micro and macro factors for business profitability.
VIDEO SUMMARY
This video explores micro and macro factors affecting business profits. It discusses the decline in UK's overall profitability and examines micro factors like changing costs and competition. The impact of the exchange rate on exports and the role of demand in the economic cycle are discussed as macro factors. The video concludes by emphasizing the significance of analyzing both micro and macro factors for understanding business profitability.
#economics #businesseconomics #profits #edexceleconomics
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