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?