Question

Im not sure if im asking it correctly but

1.how does emerging makerts affect increase standard of living in Turkey.

2. how does emerging markets in turkey affect increased incomes?

3. how does the increase or decrease in gdp lead to economic growth in turkey in an emerging market.

Answer 1

Ans 1. When the new markets emerges in a country, the people gets wok, employment. They start earning and spending on their necessities and on other needful goods. The trade starts taking place. The expenditure of one person becomes income of another person. Hence, the standard of living starts rising with emerging markets.

Ans 2. When emerging market starts exchange with buyers, the sellers starts receiving revenue and distribute it among factors of production, these are land, labor, capital and entrepreneur. The land owner gets rent, labor gets wages, interest is paid on capital, while profit is taken by entrepreneur. In this way, it increases the income of the people living in emerging markets.

Ans 3. The increase/decrease in gdp affects the emerging markets.

When gdp is increasing, it means the demand is high, the price shoots up, so the emerging markets will supply more and hire more factor of production and pay according to them. As a result, the factor payments rises and the emerging markets gets benefit.

The opposite will happen in the case of a decrease in gdp.