Foreign Educator Teaching System

Tag: growth

  • Classification as developed economies

    Classification as developed economies High incomes High level of savings Not providing all the necessities to the people Associated with the primary industry High rate of unemployment Eg. China

  • Inflation and Economic growth

    Inflation and economic growth In order to control inflation the government has to reduce the demand by taxing Economic growth results in increasing prices because people are willing to spend more as they have confidence and money Decreasing the inflation rate will result in reduction in economic growth

  • Conflicts between government aims

    Conflicts between government aims Unemployment and inflation Inflation and economic growth Balance of payments and economic growth

  • Economic growth

    Economic growth There are many ways economists describe economic growth, for example: An increase in the number of goods and service produced by an economy Increase in the overall capacity of producing goods and services Government wants it for higher GDP and better standard of living

  • Price stability in an Economy

    Price stability The government does not want the prices of goods and services to change dramatically Unstable prices lead to uncertainty and lack of investment A stable increase in price shows economic growth

  • Aims of government policies

    Aims of government policies Full employment Price stability Economic growth Redistribution of income Balance of payments stability

  • Product life cycle

    Stages of product life cycle Development Introduction Growth Maturity Saturation Decline

  • Choosing the form of organisation

    Choosing the form of organization When you want to chose the form of organization you should consider these factors: Objectives Growth Finance Limited liability

  • Growth Problems

    Problems connected with growth Administrative problems More capital needed Loss of control Slow decision making

  • Secondary Sector

    Secondary sector Secondary sector converts the primary goods into manufactured goods The secondary sector of the economy manufactures finished goods. Examples: Construction Textile production Processing