ECONOMICS PRESENTATION REVISION TOPICS: 19,20,21,22

- third economic goal which can help to achieve the first two goals
- rates of economic growth vary over time and from country to country – periodic
fluctuations – business cycle
- demand-side factors can bring about short-term economic growth – can be illustrated
using a combination of AD/AS model with a PPC model (production possibilities curve)

DO SLAJDU Z ILLUSTRATING:

- but still there is no full employment because we have natural unemployment

POSITIVE CONSEQUENCES:
NEGATIVE CONSEQUENCES:
LORENZ CURVE AND GINI INDEX:
BUT THERE IS NO CORRELATION BETWEEN GINI INDEX AND HDI
TAXATION
While direct taxes are imposed on income and profits, indirect taxes are levied on goods
and services. A major difference between direct and indirect tax is the fact that while direct
tax is directly paid to the government, there is generally an intermediary for
collecting indirect taxes from the end-consumer