Please enable JavaScript.
Coggle requires JavaScript to display documents.
Economics - Topic 4 (Economic growth & ethical issues (Benefits of…
Economics - Topic 4
-
Gov. Economic Objectives
-
-
-
-
Balance of payments = record of the value of a countries exports, imports and financial transactions
The Welfare State
it is various forms of benefit payments and services designed to care for those who need support ( funded by taxation )
-
-
-
The Economy At Work
free market economies
-
-
-
-
-
Drawbacks
some businesses may monopolise, prices increase because less competition
-
-