1.7 - Contingency Planning Flashcards
1
Q
Contingency plan definition
A
A plan to deal with unexpected changes in income and/or expenditure
2
Q
Austerity measures definition
A
The steps that are taken by the government to cut down on large public spending
3
Q
What has austerity measures resulted in?
A
- High unemployment
- Limited resources
- Increased household debts
