1H Businesses' and conttribution to wellbeing of the nation

Question 1

Economy

Answer 1

An area or region that engages in the production, consumption and distribution of goods and services.

Question 2

Tax

Answer 2

A compulsory payment to the which is used to finance the provision of public goods and services, such as courts and police services.

Question 3

infastructure

Answer 3

The essential facilities and structures that are required for an economy to operate

Question 4

Economic Growth

Answer 4

When the total value of goods and services produced by an economy increases growth can be measured by gross domestic product.

Question 5

Contributions to wellbeing

Answer 5

Employment opportunies 
taxation revenue
infastructure
economic growth
international trade
reasurch and development

Question 6

Employment Opportunites

Answer 6

peolpe are employed meaning can use there income to by g&s

Question 7

Taxation revenue

Answer 7

proportion of earnings given to the government to provide essentail services (heathcare and schools)

Question 8

Infastructure

Answer 8

new buildings being made by companies then get passsed on.

Question 9

R&D

Answer 9

The impovemnt of existing products, the development of new business prosesses, as well as innovation of entirely new products.