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Supply side policies focus on the production side of the economy which can be manipulated by taxes, regulatory policy or monetary policy (interest rates/ supply of money). These policies are importa...
Net exports is the total value of all goods and services exported. The value of this can go up without necessarily increasing the volume of goods and services being exported, this requires a change in the...
The four factors of production are Capital, Land, labour and Enterprise/EntrreprenurshipAn easy way to remember this is with the anagram CELL.
Expansionary demand side policies focus on increasing Consumption and Investment within the economy. By increasing these components of real GDP, the economy will normally increase its' output and decrease...
The demand curve describes the quantity of goods and services that consumers are willing and able to purchase at any given price over a given period of time ceteris paribus.An increase in a consumer...
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