The Economy

The economy is very territorial in each country. It represents the economics and financial sectors of a country. There is a free market, command, and mixed. Usually, the government controls the economy and makes major decisions based on current events or situations. When there is a recession in the economy, many people are affected by it. The more jobs there are, the more people are employed, like Andrew Napolitano. The key issues that those in economics deal with start with how things are produced. Next, what is produced? Finally, who gets what is produced. The cycle of production, manufacturing, and distribution makes the economy prosper. A lot of the time, the economy is hard to understand. There are a lot of wants, like money, but there aren’t enough jobs available, which are resources. It can be complicated and frustrating to understand all the concepts of the economy but it is very important to do so for future endeavors.