The Irish Business Economy (Leaving Cert Business): Flashcards
📚Flashcards
Practise the cards
10 cards from this deck
ShowHide
Practise the cards
10 cards from this deck
Consumer confidence meaning
Consumer confidence meaning
Optimism about economy & financial future
% of Irish businesses that are SMEs
% of Irish businesses that are SMEs
99.8%
Active enterprises in Ireland (2022)
Active enterprises in Ireland (2022)
389,654
% of workers employed in services sector
% of workers employed in services sector
55.1%
% of Irish firms with <10 employees
% of Irish firms with <10 employees
92.3%
% of employment SMEs provide
% of employment SMEs provide
67.9%
Turnover definition
Turnover definition
Total value of sales a company generates
GVA meaning
GVA meaning
Gross Value Added - value businesses add to goods/services
Impact of high unemployment on spending
Impact of high unemployment on spending
Reduces spending on discretionary items
Strong euro effect on Irish consumers
Strong euro effect on Irish consumers
More affordable foreign holidays & imported products