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Statistics can help a government make informed policy decisions regarding many different areas. An example would be, if a government receives statistics based on their economy and it tells them that there is a 12 % unemployment rate. This would signal to a government to make a policy decision regarding this statistic.
When the economy is good, most people have jobs and an income, so (1) they have money to spend and the government collects taxes on sales transaction; and (2) fewer people are applying for unemployment or welfare.
It is a command economy where the government controls the economy. It is a command economy where the government controls the economy.
In a Three-sector economy ,along with the household sector & business sector there is government sector too.Because the government can influence on the circular flow of income in 2 ways.1.It collects taxes[=T] from households & firms,and2.it makes various payments [=G] to household & business sectors.Here taxes can be taken as a lekage & government expenditure as an injection.
B.A.D.
It is a command economy where the government controls the economy. It is a command economy where the government controls the economy.
The stimlus package passed by congress early this year attemted to acheive this goal. Whenever the government spends more that it collects through taxes, artificial demand in the economy is stimulated
No, we already don't have enough money, taxing us more will further weaken the economy. We should cut government spending.
Some special news channels will air statistics on the market economy weekly or even daily. The newspaper is also a good source of these statistics, as well as many online sites dedicated to economic reports and business statistics.
An economy controlled by the government is called a centrally planned economy. It can also be referred to as a command economy.
Hospitality England organization is the leading representative organization in the Hospitality world. It aims to raise awareness across media, government and the general public of the importance of hospitality and the critical role it plays in UK's economy.
socialism