Marketing Week 2 Journal

The components of the Gross Domestic Product (gross domestic product) ar the basic major forces driving the miserliness. This is because an make up in the amount of these components similarly means an increase in the GDP of a certain country. A high GDP means a high income of a country.These are personal employment, investments, governing spending and net exports (the value of exports minus the value of imports) (Costales, 2000). Personal 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 stage business is not included, as it is a part of the black market. Investments, on the separate hand are capitals that are being used in businesses. These are non-financial product purchases.Government spending is the expenditures of the government in providing goods for the customary, 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 rest of the exports, goods produced for out of the country consumption, and imports, goods that come from other countries for consumption.There are also in the altogether forces driving the economy. These are breakthroughs that were discovered as time passed by and prove true to improve economic performance. Specifically, these are technology and entrepreneurship. engineering science has now been a great help in the development of the economy because of its benefits (Henry and Cooke, n.d.). Development of new technology makes costs lower for the producers and provides means for businesses to bring to pass among others. On the other hand, entrepreneurship is the one who thinks of innovations that may be pursued. This is because introduction of new things prove useful to both consumers and producers. They also initiate job developing as they employ employees.ReferencesCostales, 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.Information Technology Industries of emergence Importance to the Economy and Jobs. Retrieved October 25, 2007Tesreau, K. and Gielazauskas, V. Entrepreneurship A Driving Force in the unfermented Economy. Retrieved October 25, 2007