Brainscape's Knowledge GenomeTM

Browse over 1 million classes created by top students, professors, publishers, and experts.


See full index

Learning Outcome One > Importance of the Hair and Beauty Sector > Flashcards

Importance of the Hair and Beauty Sector Flashcards

1
Q

Economy

A

The production of goods and services and the supply of money

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

GDP

A

Gross Domestic Product

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

Definition of GDP

A

The total market value of all goods and services over a period of time

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
4
Q

How does the hair and beauty industry help the economy?

A
  1. Positive impact - GDP
  2. Offers employment (jobs and training)
  3. Increase spending - People have a job, they have a wage, spend their money on luxury items and pay taxes
  4. Advertisement - products and services are advertised
  5. Help support other sectors - manufacturing and finances
How well did you know this?
1
Not at all
2
3
4
5
Perfectly

Learning Outcome One (5 decks)

Brainscape helps you reach your goals faster, through stronger study habits.
© 2025 Bold Learning Solutions. Terms and Conditions