Discuss the extent to which economic growth may benefit the economy. (18) Economics growth is‚ it the short run an increase in real GDP and in the long run an increase in the productive capacity of an economy (the maximum output that the economy can produce). GDP stands for Gross Domestic Product which is the country’s production of goods and services valued at market price in a given time period. Real GDP is when these figures are corrected for inflation using a base year (The UK uses 2003 as
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The disadvantages of internet uses for children Today‚ internet is one of the most powerful tools through the world because it is a collection of various services and resources for people to search. But‚ even though it provides the massive benefits‚ the disadvantages of internet uses are also concerned by most parents to their children for seeing the possible cab consequences happening through different areas. First‚ some parents do not realize the dangers involved when their children log onto
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which it helps in relieving stress. But what is the advantage and disadvantage of playing computer games? II. Statement of the problem - What are the benefits of playing computer games in students of Quezon City Polytechnic University Batasan Branch? - What is the percentage of the students who prefer that computer games is an advantage? - What is the percentage of the students who prefer that computer games is an disadvantage? - What is the percentage of the students who believe that it’s
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Advantages and disadvantages of wired/cabled network A wired network is more reliable and has generally a higher bandwidth (is faster..) than a wireless network; while it constraints to the availability and length of connection cables‚ can be more expensive than a wireless network and may not fit specific situations such as reaching some remote areas or being used with mobile devices. Advantages and disadvantages of wireless network Advantages: * Flexible if there is ad-hoc situation when
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factors that lead to globalisation in the 21st century are: i.-- the gross failure of all closed‚ command communist and socialist economies to bring in economic properity‚ better quality life and health and education to the common man‚ resulting in opening up of China‚ disintegration of the Soviet Union‚ merger of two Germanies‚ the international bankrptcy of India in 1990-91‚ ii-- the rapid growth of telecommunications‚ computer and internet technologies‚ iii. the benefits derived from GATT negotiations
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ECONOMICS the branch of knowledge concerned with the production‚ consumption‚ and transfer of wealth. the social science that studies economic activity to gain an understanding of the processes that govern the production‚ distribution and consumption of goods and services in an exchange economy. SCARCITY: THE NEED TO CHOOSE Scarcity is the fundamental economic problem of having seemingly unlimited human wants in a world of limited resources. It states that society has insufficient productive
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Double Taxation Double Taxation: Depending on what special rights and restrictions are attached to the shares‚ and how the profits of the corporation are paid out to the shareholders‚ there is the possibility of double taxation: the corporation must pay taxes on its profits and the shareholder may be subject to taxation on the profits paid out. This can result in greater taxation than if a corporation was not used for the business. C corporations pay taxes on profits when corporate income is distributed
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Globalisation is the process by which the world is both becoming more interlinked and compressed via communications‚ trade‚ technology and ideas. This leads to interdependence‚ where global links and communications lead to countries becoming more reliant on each other‚ especially in economic terms; with trade and intercontinental investments intertwining global growth. Advancements in technology in recent years have led to increased communications and faster and more efficient travel. This has caused
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Describe and explain the impacts of Globalisation on varying scales Globalisation is the idea of making or letting people of different countries be more inter-connected. Globalisation has negative and positive impacts however‚ and they can be shown on a global‚ national or local scale. Globalisation has impacted the amount‚ and basis‚ of many trade agreements. Globally‚ more countries are willing to trade because of how easy and cheap it is to import and export goods. Most of these trade deals have
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gentrification because a lot of supermarkets and other discount retailers will also open in the community‚ which can provide convenient and not expensive services and goods to the local people. Also‚ the existing stores in the community will also benefit because of the more spending by the
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