What Business Contributes to the Economy (HSC SSCE Economics): Flashcards
📚Flashcards
Practise the cards
10 cards from this deck
ShowHide
Practise the cards
10 cards from this deck
Productive capacity
Productive capacity
Max goods & services an economy can produce with available resources
What profitable businesses generate for government
What profitable businesses generate for government
More tax revenue
Effect of business expansion on unemployment
Effect of business expansion on unemployment
Reduces unemployment rates by hiring more workers
What outward PPF shift represents
What outward PPF shift represents
Expansion in economy's productive capacity
Infrastructure improvements from business growth
Infrastructure improvements from business growth
Roads, transport, communication, banking, retail
Types of govt business assistance
Types of govt business assistance
Info/advice, grants, training, marketing support
What healthy private sector drives
What healthy private sector drives
Faster economic growth rates
Result of increased productive capacity
Result of increased productive capacity
Improved living standards
Australian wine regions boosting tourism
Australian wine regions boosting tourism
Hunter Valley, Barossa Valley, Margaret River
Australian exports from WA & Queensland minerals industry
Australian exports from WA & Queensland minerals industry
Coal, iron ore, nickel, zinc, copper