Price

News


Gender pay gap

80% of UK companies and public sectors organisations pay women less than men.

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Price - definition

Price is the monetary value of a good, service or resource established during a transaction. Price can be set by a seller or producer when they possess monopoly power, and are said to be price makers, or set through the market itself, when firms are price takers. Price can also be set by the buyer when they posses some monopsony power.


WTO rules

What exactly is the 'most favoured nation' rule?

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Model agencies collude to fix rates

Regulators find leading model agencies guilty of price fixing.

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Customs unions

Costs and benefits of customs unions.

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New materials

Multiple choice papers for Paper Three.

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Savings ratio

Savings ratio falls to lowest level on record.

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