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Economy in europe

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by

Miriam Tyson

on 27 February 2015

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Transcript of Economy in europe

Economy in Europe by Josh Voorhees
Definitions
traditional-are the customs from the past that decide how goods will be produced

command-is where the government has all the power
market-where the people have the power
mixed-is a mixture between market and command-the government has the power
currency
the currency of the EU is mostly Euros

the currency for Russia are the Russian Rubles every 1 U.S dollar is around 63 Russian ruble
capitals
human capital-it is the health and education of someone
physical capital-goods that are used to produced other goods
natural resources and economys
U.K-market
Germany-market
Russia-command




natural resources- gold,and coal
Russia has natural resources but they are hard to get to because of all the ice
Full transcript