Economics

- Command, - mixed - free (capitalist), - transition (Implies command to mixed or capitalist developing || GDP / international agreements Regional agreements – - Euro zone - Nafta - Aseen Recession – indicators of growth US, new homes built or sold Consumer spending Number of private businesses vs publicly owned Amount of trade Venezuela nationalizing industry Education, Healthcare, Level of income HDI, PI, Corruption – developing nations Government effective?, Government policies Laws, Freedom, Individual choice to act ||  ||  What is developed? GDP HDI Trade global Taxes Infrastructure Government Business Economy Freedoms Choices System of: Trust Banks Money Police Rude of law  || Rule of Law International Agreements Freedom - +ve and-ve Contitutions often define the role of government Trust Infrastructure Taxes Private businesses Education - healthcare - security Limits in allowing freedom || have we always traded what were the first economies trade-barter currencies gov’t control when did they let go of control ? alliances-nations when did countries as we know today begin to exist ? 1648 history of capitalism industrial revolution wealth creation how free are people to act || -Poverty, government, economics, class structure, freedom to create wealth, free trade globalization, education, opportunity, freedoms to act, produce, recession, GDP, Access to goods and services. ||  ||
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 * ~ =Questions we asked about Economics= ||
 * // Harry, Saad, Fahad, Razan, Mariam // || // Abdullah, Alyssa, David, Miral, Osama // || // Meghan, Pamela, Andrea, Abdulrahman // || // Rami, Kate, Danya, Zein, Mohammad // ||
 * // What kind of regulations do governments not enforce with regards to trading? //

// What makes a country economically developed? //

// Which type of government has proven more beneficial and profitable? //

// What is the relationship between globalization and economics? //

// How can one major country's economy affect other economies? //

// How does the government support the economy? // //

What's the difference between micro and macroeconomics? //

// How does economics affect us? // // Are people naturally inclined to exchange and create markets? Could we be referred to as //// homo economicus //// ? // || // What is Economics? //

// What part of economics is the government restricted from? //

// Which aspects of economics does the government influence? //

// What makes an economy strong? // // Why do we need the government to play a role in the economy and in keeping a country's economy strong? //

// Why do governments apply taxes? //

// Can the governments have any part in making international alliances? //

// What is the relationship of globalization to government? //

// How does the economy of a country relate to the government (type of government?) of a country? //

// How can the economy influence countries negatively and positively? //

// When were markets created? // || // Are there different types of economics? //

// What does the government do in terms of economics?

How does the government support the economy of a country? //

// What is the connection of economics to trade? //

// What is the relationship of globalization to economics? //

// What are the regulations of economics? //

// How does the government and economics affect the poverty of the world? //

// How and why did economics start? //

// How does a country's economy affect neighboring countries? // //

Why is there macro and microeconomics? // || // Does the whole world use the same economic system? // // Do better or stronger alliances with countries create a stronger economy? // // Can the economy affect a countries society of people living in a country? //

// Does the government have any relations internationally (UN, trade)? //

// How and when was the economic system created? //

// Where do the benefits of the economy and trade go to? //

// How does the government help the growth of the economy? //

// How does the strength of a country help the government? // //

What is the definition of Economics? // ||

media type="file" key="Economics - Medium.m4v" How can one major country's economy affect other economies? Many small countries’ economy depends on the economy of larger countries. There are many reasons to why that could happen. One of the reasons could be that because the larger countries for example the United States buy everything from producing/smaller countries like china. Imagine the united states go through a time where they have a bad economy, that will mean that they will stop buying so much from producing countries like china. Because of that china will get less income resulting in a drop in the economy. That is the way that one major country's economy affects other economies.