1. defence, health, education, social security, transport.
2. he knows that meeting these demands for increased spending will mean that he has to put up taxes.
3. i would not put taxes
4. youre gonna cut from income or increase taxes in expanditure or you cut more from businesses, in order to give enough to the ministry blabla.
but if you say you wouldnt, the ministry of defence will remain the same nothing cahge, some areas/nation is lacking. if youre lacking in defense, then the nation would not be as secure as it is/below.
Monday, 17 March 2014
Sunday, 16 March 2014
Government Influence
goverments influence business and the economy through:
1. taxation
2. public spending
They control the amount of money in circulation and estamating economic growth.
reasons why governments influence the economy of a country?
1. to ensure ensential goods and services are available to sections to community who need them.
2. to prohibit or control production of goods and services considered undesirable or harmful.
3. to regulae supplier activity and protect customer's interest.
4. help this advantage sections of community through taxation and walfare
5. to help supplier through grand and subsidies and improve trading conditions.
6. to encourage economic growth.
so goverments influenced the economy through two things:
1. physical policies
2. monotory policies
physical policies concerne with government income and public expanditur
while monotory policies it is concerne with the amount of money in stimulating
how does a government gets its money?
most important income source is taxation
3 main types of taxes:
1. Direct taxes, it is taxes on income. they reduce the amount of person keeps out of his or her earnings.
2. taxes on expanditure, these are indirect tax. it is called indirect because its payed first to the suppliers(e.g resto) and they forward it to the government. These include purchase taxes such as sales tax or value added tax. (VAT) that is added to price of most goods and services.
3. taxes on business, such as taxes on the profits made by a company.
How does a government spend its money?
1. provide or purchase goods and services for the benefit of society.
2. purchase or construct hospitals, schools, growth, public libraries, etc.
3. subsidise the production of goods and services by business.
4. make transfer payments. so it is money that is transfered from one sector of society to another.
how do changes in taxation affect businesses?
1. if we increase income tax, mainly to reduce demand for goods and services. reduce levels of production and possible redundencies. reducing income tax may have the opposite intax.
2. if increasing indirect tax, would lead to an increase inprises and bussineses left to decide whether to pass increases to costumers, risking of fall in demand or they absorb the cost and suffer reduce profits.
3. increasing the levels of taxes on bussines has the effect of increasing cost and reducing profits. when that happen, either businesses cut cost in other areas such as employment but if they cut cost in areas like employment it leads to unemployment or they can increase price leading to inflation.
Activity
1.
1. taxation
2. public spending
They control the amount of money in circulation and estamating economic growth.
reasons why governments influence the economy of a country?
1. to ensure ensential goods and services are available to sections to community who need them.
2. to prohibit or control production of goods and services considered undesirable or harmful.
3. to regulae supplier activity and protect customer's interest.
4. help this advantage sections of community through taxation and walfare
5. to help supplier through grand and subsidies and improve trading conditions.
6. to encourage economic growth.
so goverments influenced the economy through two things:
1. physical policies
2. monotory policies
physical policies concerne with government income and public expanditur
while monotory policies it is concerne with the amount of money in stimulating
how does a government gets its money?
most important income source is taxation
3 main types of taxes:
1. Direct taxes, it is taxes on income. they reduce the amount of person keeps out of his or her earnings.
2. taxes on expanditure, these are indirect tax. it is called indirect because its payed first to the suppliers(e.g resto) and they forward it to the government. These include purchase taxes such as sales tax or value added tax. (VAT) that is added to price of most goods and services.
3. taxes on business, such as taxes on the profits made by a company.
How does a government spend its money?
1. provide or purchase goods and services for the benefit of society.
2. purchase or construct hospitals, schools, growth, public libraries, etc.
3. subsidise the production of goods and services by business.
4. make transfer payments. so it is money that is transfered from one sector of society to another.
how do changes in taxation affect businesses?
1. if we increase income tax, mainly to reduce demand for goods and services. reduce levels of production and possible redundencies. reducing income tax may have the opposite intax.
2. if increasing indirect tax, would lead to an increase inprises and bussineses left to decide whether to pass increases to costumers, risking of fall in demand or they absorb the cost and suffer reduce profits.
3. increasing the levels of taxes on bussines has the effect of increasing cost and reducing profits. when that happen, either businesses cut cost in other areas such as employment but if they cut cost in areas like employment it leads to unemployment or they can increase price leading to inflation.
Activity
1.
Monday, 10 March 2014
Public Enterprise (Unit: Organization)
the key objective provides services, essential to the welfare of the country, services are paid through taxation. projective two: protect indrustries and jobs that are vital to the country.
3. Control natural monopolies. so consumers are not exployeted. some public services such as libraries, may not be provided if people had to buy the service individually.
Other public services such as national defense must be provided to everyone or not at all. When it comes to business, public enterprise are not normally expected to make profit. but a few might make a surplus of revenue over expenditure and it is kept by the government.
Non-profit making organizations
these includes charities and voluntary organizations. they may be national, theres a objective to fullfil a social need or provice help to a specific session to a community, they do not make a profit.
Changing and conflicting objectives
would you recommend burning the chemical or the non-polutant fuel
I would choose what will give more profit. if it spoil the environment i would take action to control pollution.
Objectives and Stake Holders
the objectives of a business are influenced by it stakes holders. Stake holders, are not the same between share holders. Share holders are individual and organizations that own shares in a company. So share holders are the owner of the company while stake holders are all individuals and groups that have an interest in the activity of a business.
E.g who are the stake holders? stake holders include customers and consumers. so we are stake holders. workers, managers, owners, those with a financial interest,the community as a whole, the government. So stake holders are internal. such as employee and managers while others are externals. such as consumers, and those with a financial interest.
The extent to which the objectives of all stake holders, have been achieved is a measure of the sucess of a business.
Country U is in recession. the government has decided to increase he size of the public setor.
(a) what is meant by the term 'public sector'
(b) Identify and explain two objectives that public sextor enterprises usually have.
Answer:
(a) the public sector is sometimes reffered to as the state sector and is a part of the state deals with the production, delivery of goods and services and for the government or its citizens.
(b) the main objectives of public sector is ensure the essential goods and services are available for everyone equally. (2) equal rights, for example, national security has to be given to everybody or not at all.
Mission statement is a statement of the general purpose and aims of a business.
3. Control natural monopolies. so consumers are not exployeted. some public services such as libraries, may not be provided if people had to buy the service individually.
Other public services such as national defense must be provided to everyone or not at all. When it comes to business, public enterprise are not normally expected to make profit. but a few might make a surplus of revenue over expenditure and it is kept by the government.
Non-profit making organizations
these includes charities and voluntary organizations. they may be national, theres a objective to fullfil a social need or provice help to a specific session to a community, they do not make a profit.
Changing and conflicting objectives
would you recommend burning the chemical or the non-polutant fuel
I would choose what will give more profit. if it spoil the environment i would take action to control pollution.
Objectives and Stake Holders
the objectives of a business are influenced by it stakes holders. Stake holders, are not the same between share holders. Share holders are individual and organizations that own shares in a company. So share holders are the owner of the company while stake holders are all individuals and groups that have an interest in the activity of a business.
E.g who are the stake holders? stake holders include customers and consumers. so we are stake holders. workers, managers, owners, those with a financial interest,the community as a whole, the government. So stake holders are internal. such as employee and managers while others are externals. such as consumers, and those with a financial interest.
The extent to which the objectives of all stake holders, have been achieved is a measure of the sucess of a business.
Country U is in recession. the government has decided to increase he size of the public setor.
(a) what is meant by the term 'public sector'
(b) Identify and explain two objectives that public sextor enterprises usually have.
Answer:
(a) the public sector is sometimes reffered to as the state sector and is a part of the state deals with the production, delivery of goods and services and for the government or its citizens.
(b) the main objectives of public sector is ensure the essential goods and services are available for everyone equally. (2) equal rights, for example, national security has to be given to everybody or not at all.
Mission statement is a statement of the general purpose and aims of a business.
Monday, 3 March 2014
Grace.
1. Profit : a financial gain, esp. the difference between the amount earned and the amount spent in buying, operating, or producing something.
2. Increasing sales revenue : the amount a businesss get by seling his goods or services
3. gaining and larging market share : expanding your business
4. Growth: to enjoy the economies of scale this means they are able to produce their goods and services for a lower cost.
5. Providing employment: small businesses are often set up in order to provide employment for their owners
6. Survival: If a business is in difficulty it may have to put all it's efforts, into simple survival.
Exercise :
(financial advisor)
I understand that you need a job to provide for your family and that you want to be a beautician.
It's important to know about your aim because being the only provider in your family will need an objective as clear as possible. Of course you want a lovely salon, saddling yourself with a large debt payment when you're just opening is a recipe for sleepless nights. Strike the right balance. Save your valuable pennies for promoting your salon. So if you're thinking about starting your own hair or beauty salon I will help you see the way forward. Think about:
- your financial resources
- range and level of services you offer
- your client base
- marketing activity
- salon team
Clients are not mind-readers, you have to communicate with them cleary and often.
Okay goodluck, bye.
2. Increasing sales revenue : the amount a businesss get by seling his goods or services
3. gaining and larging market share : expanding your business
4. Growth: to enjoy the economies of scale this means they are able to produce their goods and services for a lower cost.
5. Providing employment: small businesses are often set up in order to provide employment for their owners
6. Survival: If a business is in difficulty it may have to put all it's efforts, into simple survival.
Exercise :
(financial advisor)
I understand that you need a job to provide for your family and that you want to be a beautician.
It's important to know about your aim because being the only provider in your family will need an objective as clear as possible. Of course you want a lovely salon, saddling yourself with a large debt payment when you're just opening is a recipe for sleepless nights. Strike the right balance. Save your valuable pennies for promoting your salon. So if you're thinking about starting your own hair or beauty salon I will help you see the way forward. Think about:
- your financial resources
- range and level of services you offer
- your client base
- marketing activity
- salon team
Clients are not mind-readers, you have to communicate with them cleary and often.
Okay goodluck, bye.
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