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Ireland economic system

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by

Kelsey Ross

on 10 January 2014

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Transcript of Ireland economic system

Kelsey Ross
Economic system of Ireland
1, Choose goods to produce
Labor force - by occupation
2, Decide how to produce goods
Ireland is a mixed government. Ireland has a command economy and also a market economy. They have privately owned business such as Mcdonalds, cars, and shops and more. and others are owned by the public the police, the highways, ambulances, and hospitals and others. Also in Ireland they have a say in what they want to put up in the market but also the government has a say.
4, Distribute goods:
3, Determine who goods are for
Keep or export?
5, Gather goods needed from other sources:
What

to import? Who to import from
Research sources
1, https://www.cia.gov/library/publications/the-world-factbook/geos/ei.html
1, Agriculture 5%
2, Industry 19%
3, Services 76%
Agriculture - products
Barley, potatoes, wheat; beef, dairy products
Industries -
Pharmaceuticals, chemicals, computer hardware and software, food products, beverages and brewing; medical devices
Import- commodities
Data processing
equipment,
other machinery and equipment,
chemicals,
petroleum and petroleum products,
textiles,
clothing
6, Measure economic activity: GDP
Ireland

flag

:
Export to which countries?
US 22.3%, UK 16.1%, Belgium 15.5%, Germany 7%, France 5.7%, Switzerland 4.2%
Machinery and equipment,
computers,
chemicals,
medical devices,
pharmaceuticals
Export - Commodities
food products, animal products
Exports - partners
Imports - partners
UK 39.8%, US 13%, Germany 7.8%, Netherlands 5.8% (2011)
2, http://www.indexmundi.com/ireland/economy_overview.html
3,
Export - commodities
Computers:
Agriculture - products
- Barley, potatoes, wheat; beef, dairy products
GDP (official exchange rate): $217.7 billion (2011 est.)
GDP - real growth rate:
1.4% (2011 est.)
country comparison to the world: 174
-0.8% (2010 est.)
-5.5% (2009 est.)
agriculture: 2%
industry: 29%
services: 69% (2010 est.)
GDP - composition by sector:
Full transcript