global economy
this describes how a community uses its resources
economy
consumers may choose to stop buying the shoes becuase
if prices get too high
what 3 places that produce most of the goods are
china,mexico,Canada
difrence between the amount of money someone earns for doing something and amount they spend to do it
profit
what are the main two roles in an economy
produsers and consumers
when a consumer doesn't buy enough of good or service
producers might lower the cost
the global economy then is communities around the world trading their
resources
henry Ford made cars affordable for his employees to do so he made some strange economic decisions he invested money in
new ways of manufacturing and invented the moving assemby line
ford chose to pay his factory workers more than
double