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Click on the plus below each question to add your response. Remember your key assessment criteria and structures you have been taught.

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Click on the plus below each question to add your response. Remember your key assessment criteria and structures you have been taught.

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Got mine working. My lot can do the same.

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Lower economic growth
Less consumer spending
Increased inflation
Will affect the interest rates

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Increase in spending of safety kits to protect workers
Minimum wage law so that workers are not taken advantage of
Appropriate working for conditions
Prevention of discrimination to increase employment rate

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During a recession in the UAE , businesses begin to see a decrease in their demand causing less income and a decrease in profit ,therefore firms starts to lay off workers to reduce the deficit causing unemployment levels to rise, this might cause workers in the UAE to return to their country as most of the UAE workers come from abroad

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privatization is the transfer of a business, industry, or service from public to private ownership and control this helps the literacy rate of country’s to rise more job opportunities will be created due to high literacy rate this helps the economy grow

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Reduced tax rates could boost saving and investment, which would increase the productive capacity of the economy. In other words, economic growth is largely unaffected by how much tax the wealthy pay. Growth is more likely to spur if lower income earners get a tax cut. The economy will grow and people will buy more, so business see this as an opportunity to gain more revenue and profit, so they raise the prices, and that leads to the economy shrinking because lesser people will spend more money. Its a whole cycle that keeps on repeating.

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If consumers income falls they will have to spend less because their income is less than what they had before taxes increase as well and inflation increases

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Stopping the production of notes since the technology is advancing so much we can come up with such as e notes where we can go paperless

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There can be a decline in the overall service quality. When the privatization of education occurs, then there can be a reduction in the quality of the services and classes that students receive when going to school. The reason for this disadvantage involves the need for profitability. The people who own the school would rather care about the profits, and not that much about the education and safety of the children. It depends on who owns the school to be very honest. Some actually care about the education, whilst some just don't. It the reality in life.

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Government intervention can really benefit the labour market especially on the worker himself , Governments can impose a minimum wage law to reduce exploitation of workers especially ones that come from abroad and from less developed countries , this motivates these workers to work harder causing an increase in productivity and increases labour force
However, Governments can impose income tax to gain more money, in return this will decrease the disposable income of the worker , even though their wage originally received from the firm wouldve been low , this might cause workers to go on a strike to protest against the low wages they receive. Therefore aggregate demand will start to fall as workers try to spend less as a result of the income tax

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An increase in income results in a demand for more services and goods. A decrease in income results in the exact opposite. In general, when incomes are lower, less spending occurs, and businesses are hurt by the effect. Business's do not earn as much profit as they used to, which may lead some to shut down, therefore entitling the UAE to a smaller economy.

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As technology advances we begin to see firms start to deploy it more throughout their daily life, as miscommunication is often a problem across alot of firms especially larger ones that have multiple barriers between each sector of work , through technology it has reduced the problem and eased the communication and understanding . As a result there has been an increase in efficiency due to the reduced mistakes and better communication leading to increased productivity in their work .
Moving on , as technology improves each day, more advanced machinery and equipment have been introduced to make firms operate smoother . This makes firms produce more efficiently and at a greater output with lower costs of operation , although this can cause firms to lay off workers as their job has been taken over by automation and technology , it has made the whole firm more productive as machines are more efficient than humans

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Automation increases the production levels of the company as they are more efficient than employees and they are also cheaper in the long run. They tend to increase unemployment but the machines can make mistakes which can cost big money to the company.

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If the UAE were to enter into a recession the unemployment rate will increase, this is done in order to remove the cost of salaries of workers which lowers consumer spending contributing even more to the recession. (Abdelaziz)

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Government intervention can have a massive effect on the labour market. One of the impacts government intervention  has on the labour market is a higher employment rate. This is because government has certain regulations that prevent firms from being discriminative when employing people thus resulting in a higher amount of people being employed decreasing the unemployment rate. Another impact of government intervention is the creation of new processes like mandatory collective bargaining, this process forces employers to negotiate with their employees in a trade union. Which therefore leads to more job security as firms are forced to negotiate with their workers. (Abdelaziz)

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Technology has not only impacted the way a firm promotes their idea or business, but it has also productivity benefits. For example technology has allowed capital goods to implemented into production this method is far superior in cost in the long run as well as efficiency for the business. This in turn speeds up productivity which saves time so that more products could also be supplied.  Another benefit is removal of wages and variable costs. While the initial cost may be more than the average wage the business will most likely save capital as its a one-time expense and saves a-lot of cash for the business in the long run which could be used to reinvest into the firm. (Abdelaziz)

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Decreasing the interest rates in the UK can have multiple effects in the UK. One of them being that backs would be less likely to loan as there is a smaller financial incentive to do so. Which then results in less trade in an economy which would therefore put the UK economy into a recession. An advantage would be that people who have already borrowed would need to pay less interest if they decided  on a variable rate, this would lead to people having more disposable income which can contribute to economic growth as there is more trade happening. (Abdelaziz)