Basic Economy for the People
Basic concepts:
1. What are resources and factors of production? What do you need for production?
2. What is GDP? Describe it. What does it measure? What does it not measure? How does you compare countries? What problems there are in using GDP in comparing countries?
3. How to make a rich country?
- 8 facts?
- what is a cultural factor?
4. Read the text and find the basic concepts of economics. Define them.
5. How is the wealth created?
2. What is GDP? Describe it. What does it measure? What does it not measure? How does you compare countries? What problems there are in using GDP in comparing countries?
3. How to make a rich country?
- 8 facts?
- what is a cultural factor?
4. Read the text and find the basic concepts of economics. Define them.
5. How is the wealth created?