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Transcript of Econo Present
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7/31/2019 Econo Present
1/19
Economics
By Alex Saddler, Tom Kutina, and
Dillon Nelson
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Economics
Economics is what
keeps a nation on its
feet. It determineswhether or not a
nations people are
educated, well-paid,
fed, healthy, and livinga good life.
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The Tour
We will now give you a
little tour on what its
like to start aneconomy.
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The Dawn of an Economy
First, either private
companies or the
government buildsfactories to produce
goods.
The government
builds schools,
transportation, and
health care facilities.
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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.
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Workers
The newly-trained
adults take up jobs at
the new factories. The factory benefits
from the workers
making goods for them.
The workers alsobenefit from the
factories, who pay them
wages.
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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.
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Tax Day
Both workers and
factories have to pay
taxes to thegovernment.
The government uses
these taxes to pay for
the schools,transportation, and
medical facilities.
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The loop goes on
After taxes pay the
public services, more
people are educated forwork, more factories are
built, and the new
workers run the new
factories. The Economics cycle
simply loops; it will
never stop or will it?
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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, andknocking down that one
brick knocks them all
down...
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The end is near..
Lets pretend that all of
the factories started
making goofy products
that no one likes. That
means that no one will
buy the products.
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Well, if no one buys
anything, the factories
dont make any money,
and will have to fire
some of their workers.
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If the people cant work,
they will have no money
to buy products or pay
taxes.
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Now the government
cant make any money,
making it impossibleto keep the public
services.
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Without public services,
people cant get
educated, drive on the
streets, or go to the
doctor when they are ill
or injured.
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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.
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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.
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Wrap-up
So far, this slide show
has covered:
How an economy isstarted
How an economy is
maintained
The Economys loop
How an economy can
break down
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THE END
Thank you for viewing our Economics
slide show! Be sure to chack out theother educational
economics slide shows in our home
pages slide show library!