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Interest Rates changes can impact an economy in different ways. With higher interest rates, consumers are more prone to save (because they get more money in interests) and therefore they consume less. Fur...
While reading the text look the following features:Text Type (Article? Speech? Interview?)Elements of the text type (How do you know it is this text type and why did he u...
GDP refers to the total output within a country during a period of time. Whilst this represents economic growth, this does not necessarily measure development. Countries economies can grow, however if liv...
In order to measure, track and sustain economic growth, several different growth indicators are used. Among these, the GDP, real GDP and green GDP are included. The Gross Domestic Product (GDP) is defined...
Conformity is a type of social influence, prevalent in all societies to a certain degree. Adhering to social norms through behavioural and or cognitive adjustments stems from social pressure (Myers, 2009 ...
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