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revision (Living standards (Distribution of wealth (Gini coefficient (1 =…

- - - - 1 = unequal
      - 0 = equal
- - - - Interest rates
  - - - Making business regulations easier
- - - - Increase - economic growth
      - Decrease over 2 quarters - depression
      - Problems
        
        Volunteer
        
        Cash
        
        Homegrown products and services
        
        Distribution of income
  - - - cost of production pushes price
    - - level of demand increases price
    - - erodes income
      - business
        
        decrease in demand
        
        increase cost of production
  - - - seasonal
      - cyclical
      - fictional
      - structual
    - - no income
      - less people buying businesses stuff
      - bad for government as theres less income tax, more benefits being handed out