Summary and my opinion
What is the economy?
Economy refers to the ways the people use their circumstance to satisfy their material needs.
About economy, Some critics claim that capitalism is associated with the unfair distribution of wealth and power.
Economy system includes the production, exchange, distribution, and consumption.
In past, The ancient economy was mostly based on livelihood farming.
The initial state of the economy was the exchange of product between people.
Most exchange happened within social groups.
The economy is more big and complicated as the development of society.
Capitalism is made up of capital and labor factors of production.
In addition, the economic and social system that controls the means of production.
The economics of capitalism developed out of the interactions of the following five items:
Product, money, labor, means of production, production is such an example.
The economy may be called the final results, including the history, evolution, technology, social organization, as well as geography, nature and more.
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It is interesting to know about the economy.
In particular, It was interesting that the economy is gradually starting to develop the barter in the past.
The last class, we debated about economy .
I felt that this debate is very significant and meaningful
Because I was able to know the thoughts of fellow on the economy.
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