The Impact of Business on the Economy (Leaving Cert Business): Flashcards
📚Flashcards
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Practise the cards
10 cards from this deck
3 ways businesses impact economy
3 ways businesses impact economy
Employment, taxation, economic growth & development
Direct vs indirect employment
Direct vs indirect employment
Direct: hired by business. Indirect: suppliers/services
3 taxes businesses pay
3 taxes businesses pay
Corporation tax, VAT, employment taxes (PRSI)
What do business taxes fund?
What do business taxes fund?
Public services: healthcare, education, infrastructure
Multiplier effect definition
Multiplier effect definition
Successful businesses attract other enterprises to area
Negative impact: stakeholder relationships
Negative impact: stakeholder relationships
Not paying suppliers on time, avoiding taxes, false info
Negative impact: employment law breaches
Negative impact: employment law breaches
Unfair wages, unsafe conditions, discrimination
Negative impact: environmental issues
Negative impact: environmental issues
Pollution, carbon emissions, waste production
Number of SuperValu stores in Ireland
Number of SuperValu stores in Ireland
Over 220 independently owned stores
SuperValu's annual spend on Irish producers
SuperValu's annual spend on Irish producers
Over €1 billion