EconoBiz by Nabil

EconoBiz by Nabil Struggling with O/A-levels Economics and Business? You are in the right place!

EconoBiz is the platform providing students with extensive resources for O-Alevel Economics and Business.

When your marginal cost of teaching is near zero, but your marginal revenue is fixed per hour. ๐Ÿ˜ฌ( Classes arent expensiv...
09/08/2026

When your marginal cost of teaching is near zero, but your marginal revenue is fixed per hour. ๐Ÿ˜ฌ
( Classes arent expensive, but retakes are )

09/08/2026

Diagram explained - The Incidence of Tax.
Most of the times students fail to fully explain the Tax diagram. Hereโ€™s all you need under 7mins.
I will be making a whole series compiling all the graphs that you need for your next Business Studies exam. So give a follow so that you donโ€™t miss out โ˜๏ธ
For live sessions and queries contact
01632-391766 WhatsApp

good news / bad news The timing is flexible but limited seats available. dm 01632-391766 for further info
24/07/2026

good news / bad news
The timing is flexible but limited seats available.

dm 01632-391766 for further info

21/06/2026

What are the most common IAL Economics mistakes?

Through your answers the examiners assess your

โ€ข Knowledge and Understanding ( AO1 )
โ€ข Analysis with chain of reasoning ( AO2 )
โ€ข Evaluation ( AO3 )

for Edexcel Economics

1 ) Not applying to the data/context - the quickest way to lose AO2 marks.

2 ) Listing points instead of building chains of reasoning (AO3).

3 ) Missing a diagram where one is clearly expected.

4 ) Mislabelling axes - write 'price level' (not 'price') on macro diagrams; label both axes and all curves.

5 ) No evaluation on the 10-, 12- and 20-mark questions.

6 ) Saving all evaluation for the conclusion instead of weaving it through.

7 ) Writing a long introduction and running out of time for analysis.

8 ) Ignoring the command word (e.g. evaluating when only 'explain' is asked, or vice versa).

9 ) Too many shallow points - develop fewer arguments more fully.

10 ) A conclusion with no judgement - always answer the actual question.

For Cambridge IAL

1 ) Generic answers that ignore the extract/data (the most common error in data response).

2 ) Listing points instead of building chains of reasoning (AO2).

3 ) Drawing a diagram but not explaining it in words โ€” or mislabelling the axes.

4 ) No evaluation or judgement on 'discuss'/'evaluate' questions (AO3).

5 ) Treating a two-part (a)/(b) essay as one block โ€” answer each part on its own.

6 ) Ignoring the command word (e.g. evaluating when only 'explain' is asked).

7 ) Poor time management โ€” spending too long on data response and rushing the essays.

8 ) A conclusion that just summarises instead of giving a supported judgement.

How to respond to each command? โ€œ keywords in the question โ€œ

Define / Give / State A precise, one-line meaning โ€” use the exact syllabus term.

Calculate Work it out, showing your method and the figures from the data.

Explain Give reasons โ€” a developed chain of reasoning (no evaluation needed).

Analyse Detailed chains of reasoning, usually with a labelled diagram.

Discuss / Consider Present arguments on both sides, then judge.

Evaluate / Assess / To what extent Weigh up the arguments and reach a clear, supported judgement.

For one-on-one classes and queries contact
01632-391766 on WhatsApp.

06/06/2026

Letโ€™s take a look at the basics and calculations Breakeven Analysis. This is one of the few and most important graphs for Business studies.

I will be making a whole series compiling all the graphs that you need for your next Business Studies exam. So give a follow so that you donโ€™t miss out โ˜๏ธ
For live sessions and queries contact
01632-391766 WhatsApp

03/06/2026

What happens graphically due to protectionism and government intervention? Give this a look to get your graphs cleared up for your O-Levels Economics ( always label the axis โ€ผ๏ธ )
I will be making a whole series compiling all the graphs that you need for your next Economics exam. So give a follow so that you donโ€™t miss out โ˜๏ธ
For live sessions and queries contact 01632-391766

21/05/2026

For your Alevel Economics โ€”> Kuznets curve is the strongest evaluation point you can establish when it comes to economical growth + initial income inequality / environmental degradation.
โœ‹๐Ÿ˜ฎโ€๐Ÿ’จ

I will be making a whole series compiling all the graphs that you need for your next Economics exam. So give a follow so that you donโ€™t miss out โ˜๏ธ๐Ÿ™‚โ€โ†”๏ธ
For live sessions and queries contact 01632-391766

17/05/2026

Lorenz Curve ( LC ) with the intuition that you need โ˜๏ธ

โ€ผ๏ธ Slight correction at 3min 20 seconds
It will be 2/10 = 0.2 ** instead of 5/10 = 0.2 * ๐Ÿ˜ฌ ( either ways an increase in numerator while the denominator is constant the value of the gini will go up ) โ€ผ๏ธโ€ผ๏ธ

Key points to remember

For the Diagram

- Both axes run from 0% to 100%

- X-axis: cumulative % of population (poorest โ†’ richest)

- Y-axis: cumulative % of income/wealth

- The Line of Perfect Equality is 45ยฐ to the X axis

- If inequality increases LC shifts right ( away from the line of perfect equality )

- If inequality decreases LC shifts left ( closer to the line of perfect equality )

For gini coefficient

Gini = Area A รท ( Area A + Area B )

โ€ผ๏ธ Value will always be within 0 to 1 โ€ผ๏ธ

Area A = gap between the diagonal ( perfect equality line ) and the Lorenz curve

Area B = area below the Lorenz curve

Higher the value of gini = more inequality ๐Ÿ‘Ž๐Ÿ‘Ž

Lower the value of gini = less inequality ๐Ÿ‘๐Ÿป๐Ÿ‘๐Ÿป

For enquiries / live online sessions
Contact 01632-391766

12/05/2026

How to improve an Average 20 mark answer for Economics U4 ( Edexcel ) WEC14/01. Identifying common but subtle mistakes ๐Ÿซ‚

Follow for the upcoming Lorenz Curve & Kuznets Curve breakdown explanation video ๐Ÿƒ๐Ÿ’จ

Common confusion -
( immigration and emigration )

Immigration - starts with โ€œ i โ€œ so inside, its people coming INSIDE the country.

Emigration - starts with โ€œ e โ€œ so exit, its people exiting the country.

For enquiries / live online sessions
Contact 01632-391766

Best of luck โ€ผ๏ธ ace that exam ๐Ÿ™‚โ€โ†•๏ธ

A complete structural guide to ace those 20 marks โ˜๏ธ๐Ÿ™‚โ€โ†•๏ธ on your upcoming IAL Economics & Business Studies. Follow for t...
11/05/2026

A complete structural guide to ace those 20 marks โ˜๏ธ๐Ÿ™‚โ€โ†•๏ธ on your upcoming IAL Economics & Business Studies.

Follow for the upcoming walkthrough video going through how to implement this structure on a real answer ๐Ÿƒ๐Ÿ’จ

For enquires / live online sessions
Contact 01632-391766

Best of luck for May/June 2026 โ€ผ๏ธ

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