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Money & the economy - Coggle Diagram
Money & the economy
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Causes
Government policies: taxation, investment and interest rates
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Globalisation and outsourcing. The global economy is increasingly interconnected, meaning a crisis in one country can affect to others
Vocabulary
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Consumerism and spending habits. Young people often struggle to ave due to the high cost of housing. It is important to live within your means to avoid debt
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Solutions
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Reduce taxes for small businesses. Targeted fiscal policies can help support vulnerable groups during economic downturns
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