Econo Present

7/31/2019 Econo Present

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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!

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Econo Present