6.1 Government Economic Objectives and Policies

individuals / groups affected by a business’s activities.
st___hol___s

(a)  

Owners/shareholders, employees, managers

• internal stakeholders

• external stakeholders

Customers, suppliers, government, community, banks

• internal stakeholders

• external stakeholders

Government protects workers & customers, safeguarding their interests.

• True

• False

Objectives of ___________: Maintain Economic Growth, Achieve Price Stability, Reduce Unemployment, Maintain Balance of Payments Stability, Reduce Income Inequality

• government

• bank

Gross Domestic Product ( (a)   ) is a measure of national economic activity.

what is this?

• The Business/Trade Cycle

• The Goods/Product Cycle

After a slump / recession

• Growth

• Boom

• Recession

• Slump

Near the peak of the economic cycle, just before it starts to decline

• Growth

• Boom

• Recession

• Slump

After the boom, when the economy starts to slow down.

• Growth

• Boom

• Recession

• Slump