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Economics. By Alex Saddler, Tom Kutina, and Dillon Nelson. Economics. Economics is what keeps a nation on its feet. It determines whether or not a nation’s people are educated, well-paid, fed, healthy, and living a good life. The Tour.
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Economics By Alex Saddler, Tom Kutina, and Dillon Nelson
Economics • Economics is what keeps a nation on its feet. It determines whether or not a nation’s people are educated, well-paid, fed, healthy, and living a good life.
The Tour We will now give you a little tour on what it’s like to start an economy.
The Dawn of an Economy • First, either private companies or the government builds factories to produce goods. • The government builds schools, transportation, and health care facilities.
Education • Adults use the schools to learn how to run the new factories. • Children also go to school, but they are not trained for work until they are adults.
Workers • The newly-trained adults take up jobs at the new factories. • The factory benefits from the workers making goods for them. • The workers also benefit from the factories, who pay them wages.
Spending • The workers, who get paid by the factories, use the money to buy food, clothes, furniture and other accessories for their families. • The factories and businesses selling these goods receive money from the consumers.
Tax Day • Both workers and factories have to pay taxes to the government. • The government uses these taxes to pay for the schools, transportation, and medical facilities.
The loop goes on • After taxes pay the public services, more people are educated for work, more factories are built, and the new workers run the new factories. • The Economics cycle simply loops; it will never stop… or will it?
Uh-oh…. • When the tour mentioned “it will not stop,” it means that it will continue to grow stronger, as long as everything that we mentioned happens. But, an economy is set up like a Domino line, and knocking down that one brick knocks them all down...
The end is near….. Let’s pretend that all of the factories started making goofy products that no one likes. That means that no one will buy the products.
Well, if no one buys anything, the factories don’t make any money, and will have to fire some of their workers.
If the people can’t work, they will have no money to buy products or pay taxes.
Now the government can’t make any money, making it impossible to keep the public services.
Without public services, people can’t get educated, drive on the streets, or go to the doctor when they are ill or injured.
It is now impossible for factories to recruit workers to make their products. The factories close, and the last brick of the economy is down.
Wrap-up In conclusion, an economy is one of the hardest things to run. It is most difficult to start one, or improve a terrible one. You need money and education to make factories, but money comes from factories.
Wrap-up So far, this slide show has covered: • How an economy is started • How an economy is maintained • The Economy’s loop • How an economy can break down
THE END Thank you for viewing our Economics slide show! Be sure to chack out the other educational economics slide shows in our home page’s slide show library!