The Nature of Markets

Image copyright: Simon Gray

Level 2 business and economics activities are designed to be used with a wide range of courses including GCSE Business courses, Applied Business at GCSE, BTEC First Diploma in Business, GCSE Economics courses and the GCSE Business and Economics (Nuffield) course.

The Nature of Markets is split into the following sections:

• What Do You Already Know?
• What is a Market?
• Different Types of Markets
• Word Search
• Demand and Supply
• Factors Influencing Demand and Supply
• How Factors Affect Demand and Supply
• Demand Curves
• Changes in Demand
• Supply
• The Market
• Effect on Supply
• Final Task