Economic Agents
Economic Agents
Level: AS Levels, A Level, GCSE – Exam Boards: Edexcel, AQA, OCR, WJEC, IB, Eduqas – Economics Revision Notes
Stakeholders
Stakeholders are anyone who is interested in how a business is run
Shareholder
The share price and value of the dividend goes up as shareholders want the firm to make a large amount of profit
Consumers
Consumers want to buy their goods / services at a low price and of a high quality
Employees
Employees want high wages and good working conditions, encouraging their productivity to be high
Managers
Managers want to earn corporate perks such as a company car, as well as personal benefits of large bonuses / salaries and more leisure time
Government
Government want to generate as much tax revenue as possible – this is collected by taxing businesses on the profits they make (known as Corporation Tax)
Suppliers
Suppliers provide their goods / services to firms and therefore want firms to stay in business so they still have customers.
Quick Fire Quiz – Knowledge Check
1. Define ‘Stakeholder’ (2 marks)
2. Identify and explain six different types of stakeholders (12 marks)
Next Revision Topics
Level Economics Past Papers
