Explain the Four Disadvantages of Using a Group to Make

question 10

Essay

Explain the four disadvantages of using a group to make decisions.

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Definitions:

Real GDP Per Capita

A measure that adjusts Gross Domestic Product (GDP) for inflation and divides it by the total population, reflecting the average economic output per person.

Consumer Purchases

Transactions involving individuals buying goods and services for personal use from producers or vendors.

GDP

Gross Domestic Product; a measure of the economic performance of a country, representing the total value of all goods and services produced over a specific time period.

National Output

The total value of all goods and services produced by a country's economy over a specific time period, often used to measure economic performance.