About: Uncompetitive Economy   Sponge Permalink

An Entity of Type : owl:Thing, within Data Space : 134.155.108.49:8890 associated with source dataset(s)

An Uncompetitive Economy is a situation where the national economy isn't robust enough to compete with foreign-made companies, upsetting the capitalists and lowering the GDP by 6 to 16%. The main cause of uncompetitive economies is low Worker Productivity, though a Corporation Tax can hurt the economy in this way too. Raising productivity or lowering/removing the tax can help revitalize the economy, as can introducing Import Tarrifs to keep cheaper, foreign-made goods off the domestic markets. The opposite of this is High Productivity

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  • Uncompetitive Economy
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  • An Uncompetitive Economy is a situation where the national economy isn't robust enough to compete with foreign-made companies, upsetting the capitalists and lowering the GDP by 6 to 16%. The main cause of uncompetitive economies is low Worker Productivity, though a Corporation Tax can hurt the economy in this way too. Raising productivity or lowering/removing the tax can help revitalize the economy, as can introducing Import Tarrifs to keep cheaper, foreign-made goods off the domestic markets. The opposite of this is High Productivity
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abstract
  • An Uncompetitive Economy is a situation where the national economy isn't robust enough to compete with foreign-made companies, upsetting the capitalists and lowering the GDP by 6 to 16%. The main cause of uncompetitive economies is low Worker Productivity, though a Corporation Tax can hurt the economy in this way too. Raising productivity or lowering/removing the tax can help revitalize the economy, as can introducing Import Tarrifs to keep cheaper, foreign-made goods off the domestic markets. The opposite of this is High Productivity
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