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Business and Economy - Coggle Diagram

- - - - encourage individuals and businesses to change behavior
      - ensure a more equal distribution of wealth
      - Run the country
- - - - higher employment reduces social problems
    - - as businesses become more profitable they often sponsor local activities
    - - increased business activity brings improved services and facilities to an economy
    - - as businesses become more profitable they pay more taxes to the Gov.
  - - - rapid economic growth may put pressure on a country's infrastructure
    - - foreign competition from low cost economies may enter the irish market
    - - Businesses may continually increase prices to boost profits. this can lead to increased inflation
    - - increased business activity can cause environmental damage is it is not managed properly