economic indicators (national debt (less VAT (DIRT)), inflation,…
inflation is an increase in the price of goods and services
labor cost increases
the cost of raw materials increases
buy less for the same amount of money
cost of raw materials increases
businesses will be less competitive
more disposable in come
emigration is reduced
more income tax
employment is when you are working in return for wages
unemployment is when you are not working but are activly seeking work
place closed down
cant find work
the labor force is all the people in a country who are either working or avalible for work.
students are not part of the labor force because they are in full time education.
less disposable income
better living standards
less disposible income
the rate of intrest is a reward for saving money or the cost of borrowing money.