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Two benefits to Ireland of low rate inflation is:
1. Because the price of goods and services from one period to the next remain generally low. e.g a can of coke in Switzerland costs 4 euro while a can of coke here in Ireland costs 1 euro.2. It can help in economic growth (The rise in quantity of goods and services produced/made from one period to the next)
What else can I help you with?
What are the economic benefits of clean air?
Having clean air can create many economic benefits. One long term benefit is that by having clean air, people will be healthier, and as such, health care costs will be low.
What results from having a nation having conflicting economic goals?
the need for economic safety nets
What limits economic benefits of having natural resources?
The economic benefits of having natural resources can be limited by factors such as poor governance, which can lead to corruption and mismanagement. Additionally, reliance on resource extraction often results in a lack of diversification in the economy, making countries vulnerable to price fluctuations. Environmental degradation and social conflicts can also arise from resource exploitation, undermining long-term sustainability and economic growth. Finally, inadequate infrastructure and investment can hinder the effective utilization of these resources.
Will inflation ever go down?
It really depends... But right now we are having a small inflation. Some are saying it actually is going down a little bit, but at a really low rate.
What are the advantages of a country having its own currency?
Having its own currency allows a country greater control over its monetary policy, enabling it to adjust interest rates and manage inflation according to its specific economic needs. It also provides the ability to respond more effectively to economic shocks and fluctuations. Additionally, a national currency can strengthen national identity and promote economic sovereignty, reducing dependency on foreign currencies. Lastly, it can enhance trade competitiveness by allowing for more flexible exchange rates.
Is Ireland having a crisis?
yes! economic crisis
What are the economic benefits of clean air?
Having clean air can create many economic benefits. One long term benefit is that by having clean air, people will be healthier, and as such, health care costs will be low.
How did the Andrew Jackson set the stage for later economic trouble?
He caused inflation by having state mints print an oversupply of paper state-bank notes.
Why is Ireland having problems?
The country of Ireland is having trouble , as that country is made up of two main religions that is they are Catholics , as well as protestants. And sadly they do not see eye to eye. And the I.R,A , were using terrists methods and innocent people were shot.
How does the UK benefit from having good relations with the USA?
The fact that the US is the military and economic superpower anyone who is allied with the US benefits from it
What is the sentence of inflation-prone?
Inflation prone would be having the tendency to have a general and progressive increase in prices.
Who are the European PIGS?
There are 5 countries in the European Economic Union which are currently having particularly bad economic problems, those being Portugal, Ireland, Italy, Greece, and Spain. In the form of an acronym, that works out to PIIGS.
How did Andrew Jackson's presidency set the stage for later economic trouble?
He caused inflation by having state mints print an oversupply of paper state-bank notes.
What are the benefits of having a hidden curriculum?
the benefits of having a hidden curriculum is to easily
Why is Ireland in Europe?
Ireland is geographically located in the part of the world that Europe is, so Ireland is in Europe. It is a large island in western Europe. Ireland is also one of the members of the organisation called the European Union. Over 50 countries are in Europe, and 28 of them are members of the organisation called the European Union. Ireland is one of those 28 countries, having joined what was then known as the European Economic Community in 1973.
What are the benefits of having a healthy lifestyle?
List 10 benefits to having a healthy lifestyle.
Benefits of having a huge empire?
------ Mostly economic benefits through increased trade, colonisation, additional manpower for wars, exploration for valuable commodities like precious stones and minerals, spices, controlling trade routes, etc.
