This lesson looks at six of the main factors that can influence how competitive an economy can be. The six main influences are productivity, inflation, exchange rates, tax rates, infrastructure and cost of doing business. Each influence is covered nice detail and include examples.
The lesson complete with a nice group work task where students have to consider 3 - 4 policies that the UK government could implement to help make the country more competitive. Students need to look at the pros and cons of each policy and the likely short and long term implications of your policies.
A great lesson for GCSE Economics and Business Studies. This lesson could also be adapted for A-Level.
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