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    compleatly lost allaboutme

    we have are bussness exam next week and im toatly lost on the whole economic part anyone want to sum it up in a nut shell for me ?

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      aine15

      Hi, we did an economics test last month and it was mainly

      Wants & needs

      the factors of production: Land, Labour, Capital & Enterprise (CELL)

      Economic systems: organising & running economic activities

      Costs

      inflation

      How to get the GDP

      Economic growth

      Recession

      why the government is involved in the economy

      The budgets (national budget, the government's current & capital budget)

      international trade (invisible imports/exports, visible imports/exports)

      balance of payments

      reasons for international trade

      Ireland & the EU

      Ireland & international trade

      Currencies

      that's it, good luck in your test :) x

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      Me

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