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  • Molecules are made up of two or more atoms chemically bonded together.
  • Compounds are substances composed of two or more different elements chemically combined in fixed proportions.
  • Compounds are substances composed of two or more different types of atoms joined by chemical bonds.
  • Atoms are the smallest unit that can exist independently.
  • Atoms are the smallest particles that can exist independently.
  • Elements cannot be broken down into simpler substances by ordinary chemical means.
  • Compounds are substances composed of two or more different chemical elements that have been combined in fixed proportions by mass.
  • Atoms are the smallest particles of an element that can exist independently.
  • Atoms are the smallest particles that can exist independently and have unique properties.
  • Elements cannot be broken down into simpler substances by chemical means.
  • The periodic table is an arrangement of all known elements based on their atomic number (number of protons) and electron configuration.
  • Elements cannot be broken down into simpler substances through ordinary chemical means.
  • The periodic table is an arrangement of all known elements based on their atomic number (number of protons) and properties.
  • Elements are pure substances consisting only of one type of atom.
  • The periodic table is an arrangement of all known elements based on their atomic number (number of protons) and other properties.
  • An atom is the basic unit of matter that has all the characteristics of an element.
  • An atom is the basic building block of matter and has a nucleus containing protons and neutrons surrounded by electrons.
  • Consumer Sovereignty
    The concept of how individuals' wants and needs influence the decisions businesses make in the production process
  • Factors affecting Consumer Sovereignty
    • Marketing
    • Decisions to Save or Spend
  • Misleading and Deceptive Marketing

    • Consumers are misled to purchase an item that does not satisfy their claims. Usually seen in weight loss, beauty and fresh food products.
  • Planned Obsolescence
    • Firms produce products that wear out easily either physically or via social trends. IPHONES
  • Anti-Competitive Marketing
    • Where a firm holds all power when making decisions revolving the production process, as there are no competitive firms in their market therefore do not have to uphold consumer sovereignty as demand will not be affected.
  • As income rises
    Individuals tend to save more money than they would spend in comparison to previous income rates. This means APS would increase and APC would fall.
  • Consumption function graph
    The consumption function diagram shows the relation between consumption and income explaining the effects of income on APS and APC.
  • Stages of life-cycle theory of consumption
    • School
    • Working
    • Retirement
  • School stage
    Individuals with lower income levels are viewed as 'Full-Time Students'. Other factors on why individuals earn lower income during schooling years are: Lack skills, qualifications and time. The schooling stage is viewed as a dis-saving as individuals make limited amounts of money therefore spending more.
  • Working stage
    Individuals spend less and save more as they earn more. More income is generated due to the following factors: Working a job that rewards labour contributions in income, Aspired to hit long-term and short-term goals
  • Retirement stage
    Saving decreases as spending increases due to less income being generated and individuals wanting to enjoy their money saved up through superannuation.