How does economic growth affect you? Why does understanding economics matter to you?

The growth of the economy of a country generally affects what the consumption of the people of the population of the country that integrates it, so that the country that has growth also lower certain levels such as inflation. It would affect me when I buy some good or service because these are directly impacted.

For example: the gas we put in our car is governed by an international behavior which affects the economy of the country, is that we will observe price fluctuations every time we fill our tanks.

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whole quiz

1. the sum of all activities involved in getting high-quality products into the marketplace

2.operations

3. the principle of looking at the supply chain as a whole in order to improve the overall flow through the system.

4. produced; performed

5. activities producing tangible products, such as radios, newspapers, buses, and textbooks.

6. activities producing intangible and tangible products, such as entertainment, transportation, and education.

7.   customer focus

8. analyzing a competitor's products to identify desirable improvements

9. the systematic direction and control of the processes that transform resources into finished projects that create value for and provide benefits to consumers.

10. operation management.

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