B5 Economic Factors Flashcards
What is Income?
The amount of money a household receives.
How can income positively affect an individual physically?
- can afford healthy balanced diet
- afford gym membership
- reduced risk of illness
- private health care
How can income positively affect an individual intellectually?
- can afford activities to enhance education
- can afford school trips
- can afford private tutors
How can income positively affect an individual emotionally?
- positive self concept as they see themselves as successful
How can income positively affect an individual socially?
- can afford to go out with friends and partake in social activities
How can income negatively affect an individual physically?
- only afford junk food
- no money for gym
How can income negatively affect an individual intellectually?
- can’t afford cultural activities
- can’t afford school trips
- can’t afford textbooks and resources
How can income negatively affect an individual emotionally?
- feel worthless as they can’t provide for family
- compare themselves to others
How can income negatively affect an individual socially?
- can’t afford to socialise impacting relationships
How can employment positively affect an individual physically?
- gain income to afford healthy food
How can employment positively affect an individual intellectually?
- learn new skills and use problem solving/abstract thinking
How can employment positively affect an individual emotionally?
- being in a good job can give you high self esteem and you may feel valued at work
How can employment positively affect an individual socially?
- allows you to establish new relationships with co workers
How can employment negatively affect an individual physically?
- nature of job could cause illness and stress
How can employment negatively affect an individual intellectually?
- being unemployed me would mean they are not developing new skills