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Economy in Europe by:Dominique Cunningham

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Miriam Tyson

on 27 February 2015

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Transcript of Economy in Europe by:Dominique Cunningham

Economy in Europe
By:Dominique Cunningham

Economy Definitions


Currency
Currency:Money used for different places
Capital Definitions
Human:An employee who gets benefits such as training and heathcare.
Capital:Physical goods like factories and computers
Economy of countries
UK:Mixed Market
Germany:Mixed
Russia:Mixed Market


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Traditional:They pay with things the producer needs
Command:The goverment controls all transactions
Market:All transactions are between the buyer and seller
Mixed:A combination of Market and Command
The Currency for the E.U. is euros. Not franks, pounds, but euros.
The currency for Russia is Rubbles.
Russia is rich in minerals as a natrual resource.
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