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Economics unit 4 > Competing > Flashcards

Competing Flashcards

1
Q

What are 5 price policies to increase competitiveness?

A 
Improve infrastructure
Training and education
Reduction in regulation
Modern apprenticeships
Reduction in employers national insurance contributions
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2
Q

What are 5 non price policies to increase competitiveness?

A 
Quality
After sale service
Design
Research and development
Govt regulation
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3
Q

What are two measures of competitiveness

A
  • relative unit labour costs

- relative productivity measures

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Economics unit 4 (8 decks)

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