'Marketing Week 2 Journal\r'

'The components of the unprocessed Domestic Product (GDP) atomic number 18 the staple fiber major forces hotheaded the economy. This is because an amplification in the amount of these components also sum an increase in the GDP of a certain(prenominal) country. A high GDP means a high income of a country.\r\nThese argon: personal consumption, investments, government activity spending and engagement exports (the value of exports minus the value of imports) (Costales, 2000). in-person consumption is the expenditures of households on basic necessities in which receipts are being issued. A no-receipt purchase or something that is not registered to the government as a business is not included, as it is a part of the scorch market. Investments, on the other hand are capitals that are being used in businesses. These are non-financial product purchases.\r\nGovernment spending is the expenditures of the government in providing goods for the exoteric, wages for the public workers and purchases of sectors of the government. However, it does not encompass social security or benefits. And last, is the net exports, the difference of the exports, goods produced for tabu of the country consumption, and imports, goods that come from other countries for consumption.\r\n in that respect are also new forces driving the economy. These are breakthroughs that were discovered as clipping passed by and prove true to rectify economic performance. Specifically, these are: technology and entrepreneurship.\r\n engine room has now been a great ease in the development of the economy because of its benefits (Henry and Cooke, n.d.). nurture of new technology makes costs disgrace for the producers and provides means for businesses to transact among others. On the other hand, entrepreneurship is the one who thinks of innovations that may be pursued. This is because substructure of new things prove useful to twain consumers and producers. They also initiate job growth as th ey employ employees.\r\nReferences\r\nCostales, A. C., A. E. Bello, M. A. O. Catelo, A. C. Cuevas, G. I. Galinato and U-P. E. Rodriguez. Economics: Principles and Applications. Quezon city: JMC Press, Inc.\r\nâ€Å"Information Technology Industries †of Growing immenseness to the Economy and Jobs”. Retrieved October 25, 2007\r\nTesreau, K. and Gielazauskas, V. Entrepreneurship: A Driving surprise in the New Economy. Retrieved October 25, 2007\r\n'