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Economics IGCSE 2 - Coggle Diagram

- - - - Economic growth
      - Increase tax revenues
      - Better standar of living
      - Reduce financial burden
      - Prevents brain drain
      - Reduces income and wealth inqualities
    - - Employment sector
        
        As country develops, Primary workers decrease and Tertiary increase
      - Delayed entry to the workforce
        
        As many people study they start working later
      - Ageing population
        
        This tend to firms hiring old people
      - Formal sector employment
        
        More people in the legal sector
      - Female participation rates
      - Public sector employment
        
        Countries tend to become market economy
        
        The public sector decrease
      - Flexible working patterns
        
        Since the changes in the world
        
        Part time people etc
    - - All who wants, find a job
        
        An ideal situation
  - - - Claimant acount
        
        People without work and claimming unemployment benefits
        
        There is no the true level of unemployment
      - Labour force survey
        
        Collect work-realted statistics
        
        Face to face or by phone
        
        ILO measures
        
        Willing to work but unable to find
        
        Actively looking for work
        
        Able to start work in the next 2 weeks
        
        Waiting to start a job in the next 2 weeks
      - Unemployment rate
        
        (Number of unemployed / Workforce) x100
    - - Frictional
        
        When the person is in the trasition of one work and the other
        
        Always exist since the change of job
      - Structural
        
        The demand in a product produce decrease since the foreign competition and the firms need to dismiss
        
        Quite difficult to find a job after it
      - Cyclical or demand-defi cient
        
        Workers without jobs due to a lack of total demand in a period of recession
        
        The worst
- - - - Is the best, the higher the better
      - Real GDP
        
        More accurate is with the changes in price
    - - Healthcare
        
        Live expectancy at birth
      - Education
      - Income levels
      - Consider several key indicators helps more to an accurate standar of living
      - Limitations
        
        Qualitative factors
        
        Gender inqueality or human rigths
        
        Income distribution
        
        Is not equal
        
        Enviromental issues
        
        Cultural differences
    - - It is a rise in average prices over a period of
        time in a country
  - - - Cause different earns and wages
      - Skill people will earn more
    - - Taxes
    - - More people generate, higher rents and costs
    - - It changes according to the way the gov use
    - - There are regional income and wealth disparities
        within countries
    - - Economic instability
    - - How much activities an habitant can do
- - - - To measure can calculate the number of individuals living below a certain level of income
  - - - Malnutrition
    - - Child work
    - - The alphabetism
    - - Lack of family plan and sex education
    - - Bad functioning of the economy
    - - Lack of resources in the country
- - - - Reduce the population through the years
      - Boost the economy
  - - - The study
    - - Number of males compare the number of females
    - - 3 groups of age
        
        This refers at the percetage of people inside each group
      - The best countries have less people under 14 years and more after 65
    - - There are a graphical representation of the age and gender
        distribution of a country’s population
- - - - A tiny change on price generate a huge change in S or D
    - - A change in price does not generate a huge change in S or D