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CH 25 Business & The Economy - Coggle Diagram
CH 25 Business & The Economy
Economic Systems
Free Enterprise e.g. USA
Centrally Planned e.g. North Korea
Mixed e.g. Ireland
Economic Growth
Gross Domestic Product (GDP)
Gross National Product (GNP)
Benefits of Economic Growth
Higher Employment
Lower Government Expenditure
Higher Government Revenue
Higher Business Profits & Sales
Confidence
Economic Variables
Inflation
Measured by CPI
Impact of Deflation and Inflation
Government
Business
Consumer
Challenges/Opportunities
Interest Rates
Impact of Low Interest Rates
Government
Consumer
Business
Challenges/Opportunities
Impact of high Interest rates
Business
Government
Consumer
Challenges/Opportunities
Exchange Rates
Impact of a Decrease in the Value of the Euro
Government
Consumer
Business
Challenges/Opportunities
Unemployment
Impact of Decreasing Unemployment
Consumer
Government
Business
Challenges/Opportunities
Impact of Increasing Unemployment
Consumer
Business
Government
Challenges/Opportunities
Taxation
Impact of Higher taxes
Government
Business
Consumer
Challenges/Opportunities
Impact of Lower Taxes
Consumer
Government
Business
Challenges/Opportunities
Impact of Business on the Economy
Positive
Standard of Living
Employment
Community Development
Tax Revenue
Negative
Inflation
Infrastructure
Competition
Environment
Terms
Economic Growth
The Celtic Tiger
Economic Cycle - Boom or Recession
Consumer Price Index
Inflation/Deflation
Interest Rates
Exchange Rates
Labour Force