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The Worlds Economy in a Picture

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Economy Around the World

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Maine Economy

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Maine Economy

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1) Surprisingly, in 2010 global government spent $409 billion dollars fossil-fule-industry.
2) The US has the biggest economy with a extreme GDP (gross domestic product)of $13,651 billion. Japan in second with less than $5 billion.
3) China produces a whopping 270 tons of gold a year, South Africa produces 156.5 tons of platinum a year, and Peru, produces an incredible 3,494 tons of silver a year.
4) In the 2012-2013 fiscal year, California spent $8.7 billion on prisons but only $4.8 billion on collage seamsters and UC.
5) US families buy around 40% of toys, but only 3.1% of the children in the world live in the US.
6) GDP- Gross Domestic Product - is what most people do to calculate the growth and size of a economic system.
7) In 2016 the GPD of the United States was 13.86 trillion dollars, but in 2016, just ten years from then, it grew 4.71 trillion dollars into 18.57 trillion.
8) In 1933 The Great Depression took the unemployment rate from 4% up to 25%, in turn, 13 million Americans lost their job
9) In 2007, ht unemployment rate was wavering just above or just below 5.0%, but when the great recession hit, the unemployment rate peaked up at around 10.0%.
10) The United States is the richest place in the world with a GPD of 18.57 trillion in 2016, I wonder what it will be like in 2017!

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Songs or Videos About Different Types of Economy

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Songs or Videos About Different Types of Economy

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https://www.youtube.com/watch?v=ZPsfyhxPRXM
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https://www.youtube.com/watch?v=02nsiGI_MxQ

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2 Websites That can Teach You  About Economy

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2 Websites That can Teach You  About Economy

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https://mises.org/sites/default/files/Principles%20of%20Economics_5.pdf
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https://www.ted.com/playlists/272/understanding_world_economics

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Economy is the way we produce, and exchange, usually economy has something to do with money.

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Economy is important because it is what allows us to live, and flourish in this world where you need a system and plan to live.

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mixed economy is a system that combines characteristics of the other three types of economy, command, market, and traditional economies.

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A market economy is a when a system has laws of supply and demand, to direct the production of goods and services.

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Command economy

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Command economy is when a main government makes all economic decisions.

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Traditional economy is a system that relies on customs, history and beliefs.

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the different types of economy are:
1. Traditional Economy
2. Command Economy
3. Market Economy
4. Mixed Economy