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Lecture notes 3.2.2 Asessing the diffeence of potential economies
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These notes helped me get an A* in A Level Economics, covering all aspects of the specification, plus hints of real world context.
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1Given the current state of the UK economy FIG will be impacted. Increasing interest rates will bebeneficial in the long term, however in the short term it will decrease spending in the economy.
Individuals will struggle as there is not enough confidence in the market for consumer spending. This will
allow
3.2.2
Factors influencing explanation into markets
Disposable income is income individuals have leftover to spend on leisure payments.
Countries with high disposable incomes are more attractive.
Ease of doing business
How assessable markets are for a business
Used to do with regulatory framework
Singapore is one of the easiest countries to do business within the world. Therefore, making it attractive
Infrastructure
Physical system which a country or firm needs to operate effectively.
Includes things such as roads, railways, airports, internet facilities, electricity, gas and water.
Developed counties such as the EU and USA have better quality infrastructure making it easier to
operate.
Foreign governments look to improve the infrastructure to help firms operate effectively
Includes
Transport network
o Improves speed of connections rail, road and air.
Provision of utilities
, o Ensuring electricity, gas and water are adequately supplied.
Provision of information
o Access to fast information such as broadband.
Political Stability
It has increased in some areas of the world whilst others decline
Poor government in less developed countries makes it harder to trade due to corruption.
Civil wars continue to impact areas. It is harder to do business if there is unrest as it takes more time and
effort to trade with the country
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