Money
What is the main purpose of money?
To buy goods and services.
A shopkeeper sells 10 pens for $10. When he raises the price to $2 per pen, he sells only 5 pens.
➤ Did he lose money?
No — before: $10 (10×$1), now: $10 (5×$2). Same money!
What is a economy??
With your own answer if u can !?
I felt u can answer !!!🫵🏽👌
Globalization
Globalization – how economies become interconnected worldwide.
Which businessman is known for founding Alibaba Group?
Answer: Jack Ma
Why is corruption dangerous for a country’s economy?
👉 Answer: Because money is used unfairly — instead of helping the country, it goes to personal gain, slowing growth.
If a country imports more goods than it exports, what can happen to its economy?
👉 Answer: The country will lose money to other countries and may face trade deficits or debt problems.
Why Economy is important for country and why do u study this Lesson??
I u can u should answer own ideas please don't shy don't worry u won't lose anything! It is your opportunity to take something 😉😀
The economy is important because it is the system that allows for the production, distribution, and consumption of goods and services, providing stability, development, and prosperity to a society
Microeconomics –
Macroeconomics
Microeconomics – study of individuals, households, and firms.
Macroeconomics – study of the economy as a whole (growth, inflation, jobs).
What is the main business of Apple Inc.?
Answer: Designing and selling electronics like iPhones, iPads, and Mac computers
What is the total value of goods and services a country produces called?
GDP
A country builds new roads and schools.
➤ Is this spending or investing?
It’s investing — it helps future growth.
(Public investment.)
Entrepreneurship
Entrepreneurship is the process of starting, managing, and developing a new business venture, often involving innovation and the acceptance of financial risk.
Elasticity
Elasticity – how responsive demand or supply is to price changes.
Which entrepreneur is credited with creating the first commercial software company, Microsoft, while still in college?
Answer: Bill Gates
Which country first invented paper money?
China
Why can unemployment increase even when many companies exist?
👉 Answer: Because companies might use machines or technology instead of hiring workers, or they may not need certain skills.
How will goods and services be produced?
Goods and services are produced by combining the four factors of production—land, labor, capital, and entrepreneurship—to create output that meets consumer demand
Monetary Policy
Monetary Policy – government control of money and interest rates.
Who founded the luxury fashion brand Gucci in Florence, Italy, in 1921?
Answer: Guccio Gucci
What does the abbreviation “JPY” stand for in currency trading?
Japanese Yen
Why is it difficult for a poor country to become rich quickly, even if it receives foreign aid?
👉 Answer: Because aid alone doesn’t fix corruption, weak education, or poor management — real progress needs long-term development.
The best Economic advisor , explainer and motivator in the eastern earth??
I considered our teacher
Game Theory
Game Theory – the study of strategic choices between players or competitors.
Which entrepreneur is credited with creating the first commercial software company, Microsoft, while still in college?
Answer: Bill Gates