186k views
1 vote
1.How do your financial choices impact the economy? Trace the impact of your financial decisions.

2 Answers

3 votes

whenyou procure a good or service you are participating in the economy. when you pay taxes to the government you are sustaining the economy and helping it to improve

having a job to support your financial needs such as mortgages and bills will save you from going bankrupt and hurting the bank
This is how you support the economy
hope it helps
User Saral
by
7.6k points
1 vote
Answer;
Every time the procurement purchase or procures goods or services it is participating in the economy.
when you pay taxes to the government you are supporting the economy. Having a job to support your financial needs such as mortgages and bills will save you from going bankrupt and hurting the bank.

Step-by-step explanation;
Financial decisions are important in any business, for the growth and development of the business, these includes, investments decisions, wages, purchases, loans and debtors.
These financial decisions have a direct or indirect impact on the economy; for example the purchase of goods and services impacts the economy directly, as it facilitates trade, and also the tax charged on the purchased goods and services.
User Nanda Gopal
by
7.4k points