Our economy
Free Junior Cycle Business Studies notes for Our economy. Browse 11 topics and read online without an account.
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3. 1 Economic ResourcesWe cannot buy or make everything we desire because economic resources are limited while human wants are endless.3. 2 Distribution of Economic ResourcesIn a mixed economy like Ireland, economic resources are scarce, so individuals, organisations and the government work together to distribute the resources…3. 3 Demand & SupplyDemand and supply work together in every market to set the prices we pay for everyday goods and services.3. 4 Government Revenue and ExpenditureThis topic is about where the Irish government gets its money and what it spends that money on.3. 5 TaxationTaxation is a compulsory payment made by individuals and businesses to the Irish government through the Revenue Commissioners.3. 6 Economic Growth & Sustainable DevelopmentEconomic growth measures how much the total output of goods and services in an economy increases over time.3. 7 International TradeInternational trade is the exchange of goods and services across borders, which connects Ireland to the global economy.3. 8 European UnionThe European Union (EU) is an economic and political partnership of 27 European countries.3. 9 Economic IndicatorsEconomic indicators are official statistics that measure the health, performance, and direction of a country's economy.3.10 Current Economic IssuesThis topic covers how to explore current economic issues in the news and evaluate their impact on society.3.11 Government Economic PolicyGovernment economic policy sets out the actions and plans a government uses to manage the country's economy, public services, and living standards.
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