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Economy of Europe by:Malik Cunningham

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Miriam Tyson

on 27 February 2015

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Transcript of Economy of Europe by:Malik Cunningham

Economy of Europe by:Malik Cunningham
Types of economies
Market Economy
A market economy is an economy where the one person a business gets all of the money.
Traditional Economy
The economy that the ancient americans had.
Command Economy
Where the government gets all of the money.
definition of currency
currency-The money used in countries
currency of the E.U.
The currency of the E.U. are Euros
currency of Russia
The currency of Russia is Ruble
physical and human capital definitions
human capital-An employees intelligence to create economic values
physical capital-Economic values created by nature
economy's of U.K. Russia and Germany
They all have a market economy
one natural resource of Russia
One natural resource of Russia is oil
Mixed Economy
A combination between a market economy and a command economy
Full transcript