Intro to Business Chapter 3: Economic Activity in a Changing World

** These metrics include country production, whether the economy is growing, comparison with other countries, etc.

** Domestic Overall Indicators: Total Value of Products and Services Produced in a Specific Year in a Specific Year

** Living standard: level of comfort of items measured by available goods and services

* How do they calculate: Economists calculate the total of goods and services sold to enterprises, customers, governments and other countries

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In recent years, we found that there are not enough workers in Japan. Companies must respond by maintaining skilled workers. Toyota is preparing for a labor market to contract by offering a one-year contract to senior employees over the age of 60. The largest source of undeveloped in Japan is women. What kind of measures do you think Japan can take to alleviate the current labor shortage?

First, they may have to do these jobs for women, and then they may need to train these women to meet business standards.

* If the debt is too big, the country can not rely on other countries or borrow money from other countries.

The government often reduces taxes using surplus, reduces government debt, or increases spending on other projects.

It may be caused by war, foreign competition, technical change, and changes in consumer demand.

* When the economy is booming, demand for goods will increase. What new technologies were developed for good economic conditions in the past few decades?

** Because people can easily access, the transportation industry has greatly improved and helped the growth of many companies

* Gross domestic product (gross domestic product - total value of goods and services offered in one country in one year) has decreased by 50%

Prosperity and prosperity are the peaks of economic activity. Unemployment ↓ Production g / s ↑ The number of opening new stores may change. The company produces too much, people cease to buy, or inflation starts to rise. The recession that affects the entire economy and lasts for several years is called the recession. Unemployed people in production plants, productive, and overproduction capacity. It usually affects several countries

5 Measuring economic indicators of economic conditions is a measure of economic performance. They measure the production of the country, whether the economy is growing, and how it compares with other countries. Gross Domestic Product (GDP) GDP does not include products and services that are not reported to the government. These projects are known as "black market economy". Def: A considerably hidden part of the country's economy, I am working on a number of unreported private cash transactions.

Last week, various economic data were announced. These are mainly beneficial for change. For example, the broadest indicator of economic activity in the third quarter - Gross Domestic Product (GDP) - increased by 3%. This is the same growth rate as the second quarter when GDP growth rate was 1%. A similar situation also occurs when considering selling new "luxury" housing worth at least $ 500,000. In the third quarter, 25,000 newly-built houses were sold at this price range. This is a 4% increase compared to the same period in 2016. (Because this data is not seasonally adjusted, comparison with the second quarter is invalid.)