Marketing EssentialsSection 2:
Understanding the EconomyAfter You Read Online ActionReviewing Key Terms and Concepts - Businesses can increase productivity by investing in new equipment
or facilities, educating staff, providing financial incentives to workers, or
reducing the workforce and increasing the responsibilities of those workers
who remain.
- TheGDP is the output of goods and services produced by labor
and the property located in a country. The GNP is the total dollar value of
goods and services produced by a nation, including goods and services produced
abroad by U.S.
citizens and companies.
- The three factors are consumers, businesses, and the government.
Integrating Academic Skills - The per capita GDP is $40,000; $10 billion divided $250,00 = $40,000
- Articles should make the point that knowledge of economics is essential
to becoming an informed voter, to electing officials whose economic plans are
in accordance with one’s own belief.
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