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6.1. Economic issues

Syllabus
0264–2027–2028
Topic
6.1
Level
—

6.1.1—Business cycle

  • main stages of the business cycle: growth, boom, recession, slump
  • how each stage of the business cycle may affect a business
  • effects of changes in the levels of employment, inflation and economic growth on a business

6.1.2—Effects of government policy

  • effects of changes in taxes on business profit
  • effects of changes in taxes on people’s income
  • effects of changes in government spending
  • effects of changes in interest rates
  • how businesses may respond to changes in taxes and interest rates

Objective notes

2 learning objectives
ConceptIGCSE Business Studies