Share Issues Term 2 W11
Save to Folder
W: There are two main different ideas about economies - free or planned
Paragraph 1
SW1: Free economies are a balance between supply and demand; whereas a planned economy is dictated usually by a governing body.
Paragraph 1
SW2: Perhaps a better economic plan utilises both planned and free market characteristics
Paragraph 1
W: Strong economies have a market equilibrium that balances supply and demand naturally
Paragraph 2
SW1: When a market is well balanced, inflation goes up at a controlled rate.
Paragraph 2
SW2: When a market is not well balanced, inflation increases too quickly and people suffer.
Paragraph 2
W: The central bank makes all of the major economic decisions in a country
Paragraph 3
SW1: While the goal is keep an economy thriving, sometimes things out of our control can cause economic hardship
Paragraph 3
SW2: Thankfully, Central banks have the power to print money when necessary to shift economies.
Paragraph 3
W: Our economies affect every aspect of our lives.
Paragraph 4
SW1: Without a balanced economy, countries can be thrown into a recession.
Paragraph 4
SW2: During recessions, there is great instability in job markets, banking systems and supply chains. So all of this is important!
Paragraph 4
