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Economy In Europe By Paris Shuler

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Miriam Tyson

on 27 February 2015

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Transcript of Economy In Europe By Paris Shuler

Economy In Europe By Paris Shuler
Traditional Economy
A Traditional economy is a economy were the traditions, customs, and beliefs shape the goods and the products the society creates.Countries that use this economy are often rural or farm based.Examples of traditional economies include those of the Inuit or those of the tea plantations in South India.Inuit are a group of culturally similar indigenous peoples inhabiting the Arctic regions of Greenland, Canada, and Alaska.
Currency of the European union
Human capital
The Types of goverment of the united kingdom,germany,and Russia
Command economy
In a command economy The government has all control.There is one leader.Countries with a command economy include Burma, Cuba, Iran, Liberia, and North Korea.A Command system is where the government determines what goods should be produced, how much should be produced and the price at which the good will be sale for.
Mixed Economy
A mixed economy is a combination of the market economy and the command economy.This Is a economy that combines elements of capitalism and socialism, mixing some individual ownership and regulation.The United States, Canada, Australia, Japan, Germany, the United Kingdom,and Italy are examples of a mixed economy.
Market economy
A market economy is a economy based on supply and demand.In a market economy most good and services are privately owned.The united states is a example of a market economy.
The currency of the european union is the Euro.As of 2014 twelve countries in the european union us the euro.
Currency of Russia
The currency of Russia is the Russian ruble.The Russian ruble is also used by Abkhazia and South Ossetia.
human capital is the economic value of a employees skill set.Some examples of human capital is the experience of a manager or accountant.
Capital goods
A Capital good is a durable good used in the production of goods or services.A example of capital goods are machinery use to make a good.
The united kingdom has a mixed economy.Russia has a Mixed economy.Germany has a mixed economy.
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