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ECONOMY IN EUROPE BY JAYLIN GALLOWAY

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by

Miriam Tyson

on 27 February 2015

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Transcript of ECONOMY IN EUROPE BY JAYLIN GALLOWAY

ECONOMY
TRADITIONAL ECONOMY
THE CUSTOM AND HABITS OF THE PAST ARE USED TO DECIDE WHAT AND HOW GOODS WILL BE PRODUCED, DISTRIBUTED, AND CONSUMED.
COMMAND ECONOMY
GOVERMENT PLANNING GROUPS MAKE THE BASIC ECONOMIC DECISIONS
MIXED ECONOMY
ALL MODERN ECONOMIES HAVE CHARACTERISTICS OF BOTH SYSTEM AND ARE MIXED ECONOMIES.
CURRENCY FOR THE E.U
THE CURRENCY PEOPLE USE MUCH IN THE E.U IS EURO
MARKET ECONOMY
DECSIONS ARE GUIDED BY CHANGES IN PRICE THAT OCCUR BETWEEN INDIVIUAL BUYERS AND SELLERS IN THE MARKETPLACE.
ECONOMY IN EUROPE BY JAYLIN GALLOWAY
CURRENCY OF RUSSIA
THE CURRENCY OF RUSSIA IS RUBLES
HUMAN CAPITAL
THE RESOURCE INCLUDES THE EDUCATION, TRAINING, SKILLS, AND HEALTH OF THE WORKERS IN A BUSINESS OR COUNTRY
PHYSICAL CAPITAL
THE FACTORIES, MACHINES, TECHNOLGIES, BUILDINGS, AND PROPERTY NEEDED BY BUSINESSES TO OPERATE
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