Answer:
Down
Explanation:
Benefits of economic growth
benefits-growth
Increased consumption. Firstly, higher GDP implies the economy is producing more goods and services and therefore consumers can enjoy more goods and services. If human welfare is linked to consumption then growth will benefit society. Higher levels of consumption will help to reduce any incidence of absolute poverty (when people can’t meet basic necessities of life.) This may not be so obvious for developed countries, like the UK and US, but for developing economies, economic growth and rising incomes play a big role in lifting people out of poverty.
Higher investment in public services. With higher GDP the government will be able to collect more taxes; this is because people as incomes rise and people spend more they will pay more income tax and VAT. This is beneficial because the government can use this increased revenues to reduce the level of government borrowing and/or spend more on public services and investment in the country infrastructure. This investment in public services can help improve the long-term performance of the economy. For example, better infrastructure enables a lower cost of trade. Therefore, growth can cause a virtuous cycle of higher investment leading to higher growth – which enables more investment.
Lower unemployment. Higher economic growth will also lead to an increase in demand for labour as firms will be producing more. Therefore unemployment will fall, this has various advantages such as lower government spending on benefits and less social problems. If the economy is in recession, then increasing the rate of economic growth will be an important step in reducing unemployment.
D7G7 unemployment
The rise in unemployment in 2008/09 was due to negative economic growth.
Answer: Producer-producer rivalry
It is a rivalry from producer to producer because the other airlines will hardly be able to compete with that action, since at present it has become more usual not to include the luggage in the ticket and load them at the time of the check. With this, the best option for passengers will be to buy with the airline "Southwest Airlines"
If Joshua asked the bank to help. The bank promised to lend a predetermined sum of money on demand. The sources of funding this scenario best illustrate is:<u> venture capital</u>.
<h3>
What is venture capital?</h3>
Venture capital can be defined as the process in which a financial institution tend to give out loans to small business owners that have potentials of making it big so as to enables the business to succeed or to grow higher.
Based on the scenario the funding tend to represent venture capital because Joshua is a small business owner that lack sufficient capital.
Therefore If the bank promised to lend a predetermined sum of money on demand. The sources of funding this scenario best illustrate is:<u> venture capital</u>.
Learn more about venture capital here:brainly.com/question/18776651
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The complete question is:
When a new strain of the flu spreads across the country, Joshua, the owner of a small drugstore, decides to stock extra inventory of cold and flu medications. Lacking sufficient capital to purchase the extra inventory, Joshua asked the bank to help. The bank promised to lend a predetermined sum of money on demand. Which of the following sources of funding does this scenario best illustrate?
trade credit
initial public offering
venture capital
equity financing
line of credit
Because the private sector is much larger than the public sector, it dominates the economy.
Capitalism is a monetary gadget in which capital items are owned by personal individuals or groups. The manufacturing of products and services is based totally on deliver and demand in the general market, rather than thru central planning.