3.4. Firms
- Syllabus
- 0455–2027–2028
- Topic
- 3.4
- Level
- —
3.4.1—Different types of firms
- primary/secondary/tertiary sector firms
- private sector/public sector firms
- advantages and disadvantages of small and large firms
3.4.2—Mergers
- definitions, examples, advantages and disadvantages of different types of mergers: horizontal, vertical and conglomerate
3.4.3—Economies and diseconomies of scale
- how internal and external economies and diseconomies of scale can affect a firm/industry as the scale of production changes
- drawing and interpretation of average total cost (ATC) diagrams to illustrate economies and diseconomies of scale
Objective notes
3 learning objectivesConceptIGCSE Economics