ch.37 economic policy

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6 Terms

1
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whats government economic policy

all the ways the government has an impact on the economy

2
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whats industrial policy

ecourages the development of primary,secondary and tertiary

3
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whats indigenous firms

businesess owned by local people

4
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whats FDI foreign design investment

when foreign companies invest in our country

5
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2 benefits for increasing corperation tax

higher revenue for government to spend on public services, sense of solidarity that companies are taking their share of the tax burden

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2 costs of increasing corperation tax

new businesse wont set up in ireland, irish workers wont learn new skills from foreign companies.