Gross Domestic Product (GDP) represents the health of an economy by measuring the total income of the economy and total expenditure of the economy on goods and services. When the GDP is strong, workers in the country are hired more and the companies can afford to pay the needed wages resulting to more spending by customers. More firms will invest in various business operations when the GDP is strong. Higher the investments will mean a growing economy in future.
GPD represents an overall strength/weakness of an economy in the following ways;
• A strong GDP represents strength of an economy because companies will employ more workers and pay better salaries and wages. This will mean that people will have more to spend for goods and services enabling the government to get taxes.
• A weak GDP represents a weakness in the economy in that firms will lose the confidence to invest more because the economy will be proceeding to recession. Employees might face retrenchment and wages/salaries may be lower than expected.
Federalism is a system of government that creates two relatively autonomous levels of government, each possessing authority granted to them by the national constitution.
You might find bargains at a place where people may take their used clothes or other items and sign an agreement to have the store sell the clothes on consignment, meaning that the store will pick up a percentage and give a percentage of the money to the individual who brought it in for sale. This place is called a Consignment shop
Consignment shop are shops that sells used or second hand merchandise
