Economics
Economy has been going on since the dawn of man. Economics is important because it bring countries together. Economy means using our
resources best way we can. It teaches use to make smart decision to benefit us in the future. Economic has taught us expectation for the future can influence real variables. Through economy we can buy and live the life we want. Economy is made up of business. Economy is basically every thing we do.
Economic Timeline
Characteristic
resources best way we can. It teaches use to make smart decision to benefit us in the future. Economic has taught us expectation for the future can influence real variables. Through economy we can buy and live the life we want. Economy is made up of business. Economy is basically every thing we do.
Economic Timeline
- In 1907 a banking panic erupts when New York Knickerbocker bank fails.
- 1929 The stock market crashes.
- In 1913 federal act is created to prevent panic.
- The great depression causes 10000 bank failure.
- In 2001 President Bush
Characteristic
- Economy satisfies our need.
- Through Economy we can buy the house and car we want.
- Economy establishes peace and creates relation.
- Free enterprise and private property.
- Balance of payments.