Pages in this set

Page 1

Preview of page 1
Harry Bindloss




MANAGING THE UK ECONOMY


The government has 4 basic international principles

Reduce Inflation
Reduce unemployment
Achieve economic growth
Balance of Payments at 0

Inflation - Inflation is defined as a sustained increase in the general level of prices for goods
and services.
It has costs to both domestic…

Page 2

Preview of page 2
Harry Bindloss




Economic growth will increase living standards

Balance of payments - A set of accounts showing the transactions conducted between
residents of a country and the rest of the world.

You want it at 0
This means money flowing in and not out
You want it at a surplus…

Page 3

Preview of page 3
Harry Bindloss

Comments

No comments have yet been made

Similar Economics resources:

See all Economics resources »