ch 9 (economical )

Question 1

Economic sustainability

Answer 1

ensuring that average incomes in all countries are adequate to sustain a decent
standard of living and continue to rise in line with inflation and living costs in the future

Question 2

Innovation and diversity of industries —

Answer 2

relates to developing new industries and having a range of different industries so if one fails, the others can promote economic sustainability. This means that the economy is more secure, so money can continue to be provided for resources such as healthcare that promote physical health and wellbeing.

Question 3

Employment

Answer 3

Employment — relates to people having jobs so they can earn an income. If all people of working age have jobs, then the average income will be higher. This can reduce levels of stress as individuals can access resources to survive, which promotes mental health and wellbeing.

Question 4

Economic growth

Answer 4

○ Economic growth — refers to ensuring that average incomes can continue to increase into the future. Economic growth ensures that money is available for resources such as food and water, which reduces the risk of infectious diseases (physical health and wellbeing).

Question 5

Factors

Answer 5

Employment
Trade
Innovation and diversity of industries —
Economic growth