One of the main economic aims of the Irish Government is to reduce the number on the Live Register - Leaving Cert Economics - Question 6 - 2012

1. Increased standard of living: If fewer people are unemployed, the disposable income of households increases, leading to a higher standard of living.

2. Government Finances: A reduction in the Live Register means decreased government spending on social welfare, allowing for reallocation of funds to other critical areas.

1. Price inflation control: The government aims to manage inflation rates to stabilize the economy and maintain purchasing power.

2. Encouraging exports: By promoting export-driven industries, the government aims to enhance foreign trade.

3. Better infrastructure development: Enhancing public infrastructure is key for economic growth by facilitating trade and improving services.

Infrastructure refers to the essential facilities and structures that support the economic functioning of a society. This includes transportation, utilities, and public institutions.

1. Reduced government borrowing: Decreasing capital expenditure helps manage the national debt by lowering interest repayments.

2. Postponement of infrastructural development: Important projects may be delayed, impacting long-term growth.

3. Employment depressed: Job losses in construction can increase economic instability.

The opportunity cost is the cost of foregone alternatives when a choice is made. This reflects the benefits that could have been gained if the resources had been allocated differently.

Grants lead to reduced energy spending, which results in a higher disposable income for households, allowing them to improve their standard of living.

Grants create increased demand for products related to energy efficiency, resulting in better profits and employment opportunities in the sector.

The grants can boost the overall economic growth by increasing demand for goods and services, thus enhancing government revenue through taxes.