Introduction to the Global Economy
Once a nation has established its government, its next task is to develop ways to sustain itself. How will its citizens earn a living? What types of goods will they produce? What types of services will they provide? Who will buy these goods and services? The manner in which a government chooses to answer these questions establishes its economy. In this lesson you will learn how the government influences economy.
Essential Questions:
- What is an economy?
- How does the political organization of a country affect its economic choices?