3.2.3 Flashcards
1
Q
what is the economy made up of?
A
consumers, businesses and governments
2
Q
what do the different parts of the economy make decisions about?
A
what to buy, sell, produce, import and where to work
3
Q
what is an improving economic climate?
A
rising levels of employment, production, consumer incomes and spending
4
Q
what is an weakening economic climate?
A
falling levels of employment, production, consumer incomes and spending
