How Business effects the Economy (Leaving Cert Business): Flashcards
📚Flashcards
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10 cards from this deck
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Practise the cards
10 cards from this deck
3 areas where business impacts economy
3 areas where business impacts economy
Employment, Taxation, Economic growth and development
Direct vs indirect job creation
Direct vs indirect job creation
Direct: hired by business. Indirect: suppliers grow from demand
3 taxes businesses pay
3 taxes businesses pay
Corporation tax, VAT, employment taxes (PRSI)
Multiplier effect meaning
Multiplier effect meaning
Success in area attracts other enterprises, creating more growth
How innovation helps economy
How innovation helps economy
Drives productivity, meets needs, opens new markets
Environmental issues from business
Environmental issues from business
Pollution, carbon emissions, waste production
Number of SuperValu stores in Ireland
Number of SuperValu stores in Ireland
Over 220 independently owned stores
SuperValu annual spending on Irish producers
SuperValu annual spending on Irish producers
Over €1 billion per year
Irish food producers SuperValu supports
Irish food producers SuperValu supports
1,800 Irish food producers
Examples of community development by business
Examples of community development by business
Funding sports teams, events, charities (e.g. GAA clubs)