Silent Debate YED by Rachael Smith https://padlet.com/hosf/mg0tyrac8ot8 Taking into consideration the objectives of each economic stakeholder, which do you believe is the most impacted by the concept of YED and why? en-us 2018-10-10 09:35:36 UTC 2019-10-06 11:31:44 UTC hello@padlet.com https://padlet.com/hosf/mg0tyrac8ot8/wish/291631173 the most impacted stakeholder by the YED]]> 2018-10-11 10:01:45 UTC https://padlet.com/hosf/mg0tyrac8ot8/wish/291631173 BUSINESSES https://padlet.com/hosf/mg0tyrac8ot8/wish/291631618 by dima and hermela 

]]> 2018-10-11 10:03:35 UTC https://padlet.com/hosf/mg0tyrac8ot8/wish/291631618 kayshatalal https://padlet.com/hosf/mg0tyrac8ot8/wish/292412100 One of the governments objectives is to have stable prices and full employment or low unemployment rate. The stakeholder that is most impacted on the concept of YED is the government. This is because the government is one of the factors that influence consumer’s demands on goods and services especially when it comes to their income. For instance, a rise in income tax may impact consumer’s purchasing power as it would cause their demands on goods and services to fall. However, a fall in income tax would increase consumer’s demands on goods and services as their disposable income would increase. This therefore, enables consumers to decide in which types of good they would prefer to spend their money on; whether it is on inferior goods, normal goods or luxury goods.

]]> 2018-10-13 11:45:27 UTC https://padlet.com/hosf/mg0tyrac8ot8/wish/292412100 devika_s1401 https://padlet.com/hosf/mg0tyrac8ot8/wish/292664700 Consumers are most impacted by the concept of YED because their spending depends on their incomes, and their main objective is to maximise their utilities. When consumers with a low income, the likelihood of their income increasing by a high percentage is unlikely, so their demand for a product probably won’t increase by a high percentage. However, with a high income, the likelihood of their incomes increasing by a high percentage is likely, so the demand for a product increasing for them by a high percentage is likely as well, due to them having more disposable income. Moreover, consumers will low incomes are more probable to implement the purchase of normal goods, whereas, consumers with a high income are likely to implement the purchase of luxury goods as well as inferior goods, as when their income increases, their demand for some products will reduce and demand for luxurious products will increase. 

 
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