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Three Economic Stances That A Government May Have

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1. What are three economic stances that a government may have? Describe each of these stances. Progressive – When a government tries to improve the life quality of their citizens. Regressive – Moving backwards to make the citizens life worse. Static –Keeping it the same. 2. What are the four different types of economic resources? Describe each type. Land – Minerals in the ground, farms, other resources that are on the land. Labor – Human labor or work, generally used for manufacturing. Capital – Money that someone puts into the bank or stock market. Entrepreneurship – Person who sells something to make the stock market profitable. 3. What is a stock market? What is an example of a stock market? A stock market is a market that people invest …show more content…

What is trading? Describe some of the ways that trading takes place. Trading is when you give some of your own goods or services for someone else’s goods or services. Some of the ways trading takes place is trading stocks or trading football cards. 1. Choose one current event. Describe the event and discuss the economic implications of this event. What economic effects might this have at the individual and societal levels? One current event is China’s struggling economy. The economic implications are that people are selling their stocks that have to do with china causing our economy to buffer as well. If this continues then it could mean that China could have a big economic downfall which would cause the rest of the world to have one as well. 2. How does the stock market influence the finances of individuals, even if they don't personally invest? The stock market influences everything because if there was a company that you spent money at and they were a part of the stock market then the price of their items may differ depending on the way that the stock market is going. 3. Think about the larger economic situation in your country right now. How do the overall economy and its various aspects impact your life and

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