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IGCSE Economics Aims Of Decision Makers Mind Map

Aims of decision makers IGCSE Economics

 

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Aims of decision makers — quick explainer

Government
  • Strong economy and full employment of labour.
Households
  • Seek low prices.
Workers
  • Seek good working conditions and high pay.
Savers
  • Money to be saved and good returns.
Firms
  • Try to make maximum profit.
How it all connects
  • Aims can align or clash: e.g., low prices vs high wages vs max profit.
  • Government pursues overall stability and jobs while households, workers, savers and firms follow their individual aims.
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