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Economy of Germany By: Derrick Mercer

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Miriam Tyson

on 27 February 2015

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Transcript of Economy of Germany By: Derrick Mercer

The currency of Russia is called Ruble
Human capital is the stock knowledge,habits,social and personality
The most common natural resource is natural gas
Economy of Germany By: Derrick Mercer
traditional economy- A traditional economy is a economic in which traditions,customs,and beliefs shape the goods and the products the society creates
command economy- An economy in which production,investment,prices,andand incomes are determined centrally by a government

market economy-A market economy is when the buyer and the seller have a relationship
mixed economy-A mixed economy is a mixture between a command and market economy

The currency of most of the E.U is euros
In economics, physical capital or just "capital" refers to factor of production.
U.K has a market economy, Germany has a social market economy, Russia has mixed economy
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