When the economy grows, output increases which means there’s and increase in aggregate demand which is made up of consumption, gov spending, net exports and investment. When for e.g consumption increases it means more money is going into goods and services therefore firms need to hire more labour to keep up with the demand thus more people are employed and therefore have an income. Moreover people... more

Mohiman's profile picture
Mohiman Muammar
·

4 students helped

·

3 years ago


Similar questions in Economics

English

Asked by Cristina

What is a feminine rhyme?

English

Asked by Cristina

What is a masculine rhyme?

French

Asked by Wenli

This is my questions for you

Tutors who could help with undefined

Tutors who could help with undefined