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Economy in Europe by Hunter Waldrop

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Miriam Tyson

on 27 February 2015

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Transcript of Economy in Europe by Hunter Waldrop

Economy in Europe by Hunter Waldrop
Types of economy
Traditional-IS a original economy that was used by the anciant americans
Command-a economy where the goverment has all the power
Market-is a econmy where the people hold the power
Mixed-Is a economy mixed with Command and market
currency in Europe
the currency of Russia is the Russian ruble
Every country in the E.U. uses the euro except 12 countries.
human and physical capital [capital goods]
human capital the skills and knoledge people have

Capital goods goods that are used to product other goods
Natural resource and Economy of U.K. GERMANY and RUSSIA

RUSSIA natural resources

coal and gold
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