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Economy in Europe

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Miriam Tyson

on 6 March 2015

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Transcript of Economy in Europe

Economy in Europe
Types of Economy
Traditional Economy- when habits are passed down.

Command Economy- when the government has controll over money.

Market Economy- when the people controll the money.

Mixed Economy- is a mix between Market and Command.
Currency- is money $$

. the currency of the EU is euros

. the currency or Russia is rubble
Human Capital- when you invest in jobs and health care of workers.

Capital Goods- goods that are used in producing other goods
EX- machinery and equipment
Economy in Europe
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