Explaining the effect of increased interest rates on households, firms and the wider economy - Higher rates tend to reduce demand, economic growth and inflation. Good news for savers, bad news for borrowers.
Gross domestic product is the value of a nation's finished domestic goods and services during a specific time period. Gross national product is the value of all finished goods and services owned by a country's residents over a period of time.
Economists constantly refer to inflation and tend to suggest it is a Very Bad Thing. But why exactly, where does it come from and what could one do to tame it? Please subscribe here: http://tinyurl.com/o28mut7
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Arthur Russell explains why practising your booking keeping is essential if students want to achieve top marks in the Junior Cert Business exam...
The accounting section of the Junior Cert Business exam is challenging and requires significant attention to detail.
Arthur Russell, who has been teaching Business at The Institute of Education for 35 years, outlines some of the key things students must remember when completing this section and explains why practice and perseverance will help them secure a high grade in the exam...