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| What is a traditional economy | show 🗑
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| What is a Developing economy | show 🗑
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| show | An economy made up a market system. Businesses provide goods and services, people live in cities not rural areas, highly-specialised workers +businesses, quantity + quality, we decide on sale prices. e.g. New Zealand
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| What are the effects of increase in interest rates? | show 🗑
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| show | Is to bank for the gov. , set interest rates for aus. , distribute and make the bank notes and to monitor the economy
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| show | The consumers buy products' from the producers, save money with the financial sector, pay taxes to the government and import stuff from overseas.
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| show | Get income from the buyers, give goods and services, get loans from the financial sector and get export income from overseas.
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| advantages of economic growth | show 🗑
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| show | Loss of biodiversity. increase pollution/climate change. Waste of production. Deplemention of natural capital.
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| show | Average income. women would be in employment. water access. Better health care
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Created by:
briagoldman
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