2. AN INTRODUCTION TO THE ECONOMY
•The Economy is the state of a region in
terms of the production and consumption of
goods and services in relation to the supply
of money.
3. THE ECONOMIC CYCLE
• Recession is defined as 2
consecutive quarters of negative
economic growth.
• Growth is defined as 2 consecutive
quarters of positive economic
growth.
• The peak is the height of growth
before recession.
• The trough is the point recession
turns to growth.Recovery=boomTime
Levelofrealoutput
4. AN INTRODUCTION TO THE ECONOMY
• INTEREST RATES
The rate at which the interest is paid by borrowers to lenders.
INFLATION
A general decrease in the purchasing power of money and an increase in the value of goods
.Increases business competitiveness
.Risk of wage inflation increases
.Cost of borrowing increases
DEFLATION
A general increase in the purchasing power of money and a decrease in the value of goods
.A side effect of deflation is unemployment
.Also increases value of debt
.Decreases consumer spending increasing deflationary pressure
DEMAND AND SUPPLY
Demand and supply is the relationship between the availability of goods and the quantity of which that consumers
desire.
5. RSPCA
• The RSPCA (Royal Society for the Prevention of Cruelty to Animals)
is based in England and Wales, founded in 1824 and aims to
prevent the mistreatment of domestic and wild animals.
• Their mission statement is “by all lawful means, prevent cruelty,
promote kindness to and alleviate suffering of all animals.”
10. SWISS GDP COMPARISON
• UK GDP is higher
• Switzerland’s GDP fluctuates less
• Swiss recessions are more mild
• The UK’s GDP is more dependant on the GDP
of other countries than Switzerland
11. SWITZERLAND COMPARISON
• Switzerland is not member of the EU but is
landlocked by countries that are. This limits their
trading.
• Switzerland is part of the Schengen area allowing
Swiss and European Union citizens the right to
move freely between their countries.
12. SWITZERLAND COMPARISON
• Switzerland is not member of the EU but is
landlocked by countries that are. This limits their
trading.
• Switzerland is part of the Schengen area allowing
Swiss and European Union citizens the right to
move freely between their countries.
14. WWF SCHWEIZ
Switzerland has a more stable political
situation leading to a consistent number of
donations
The UK has a larger GDP so more may be
donated
Switzerland has less serious recessions
meaning the amount donated doesn’t dip too
low
Switzerland has a lower population than the
UK so there are less sources of income
Switzerland has a less charitable populous
so they are less inclined to donate to the
WWF
The WWF is a global charity so funds from
around the world may be allocated to it
Switzerland has a higher unemployment rate
so they cannot donate as much to the WWF