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Economy in EUROPE By: lofton Miller

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by

Miriam Tyson

on 27 February 2015

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Transcript of Economy in EUROPE By: lofton Miller

economys:
Traditional
- an economy that jobs are passed down from generation to generation
Command
- an economy on where the government controls everything
Market
- an economy on where the business decide on what to produce
Mixed
- an economy on where the people have a voice in what to produce and is also an economy mixed between command and market

human capital
- to increase the GDP you need to invest in human capital which can be education, training, skills, and health
physical capital
- to increase the GDP you need to also invest in physical capital which is factories, machines, technologies, buildings, and property needed by businesses to operate
Currencys:

Economy in EUROPE By: lofton Miller
- the currency for the E.U. is
euros
- the currency for Russia is
rubles

capitals:
Full transcript