Pages in this set

Page 1

Preview of page 1
Inflation and Structural Change
Inflation is a sustained increase in the average price level of a country. It
can also be seen as a fall in the value of money. This is known as Deflation.

CPI ­ Consumer Price Index
This is one of the two measurements the government uses…

Page 2

Preview of page 2
Structural Change occurs when economies change from one focus i.e.
secondary-focused, to another i.e. tertiary-focused.

Structural change occurs in all economies at some stage. The last one to occur in the UK's economy
was around 30 years ago, where the economy shifted its priorities from the secondary sector to the…


No comments have yet been made

Similar Business Studies & Economics resources:

See all Business Studies & Economics resources »