Economy Systems Sketch Notes

How Economy Works!

How Economy is in my Life

Economy is in my everyday life in many ways. Some of the ways would be production, distribution, consumption, goods, and services.

Some examples how production is in my life is that I make food, I make my bed, we use cars which were made in a factory, we use computers which were made in a factory too. We also use clothes which were made in the factory. We also use desks and paper which was both made in a factory too.

Post office, stores(Stop and shop,  Sports Authority, Finish line) , 18 wheelers, banks, and cargo ships are all examples of distribution in my life. Also a mailman or UPS truck are some other examples of distribution.

Examples of consumption are foods that we buy, water, sunlight, pencils, and computers. Also information, clothes , and education. These examples are all in my life.

Good can be anything that we have bought. For example we buy computers,  clothes, TVs, and phones. some other examples are water and food.

A teacher, bus drivers, coaches, police, store cashiers, and military services, carpenters,  and restaurant waiters are all examples of services that are present in my life.

These are all examples of economy in my life.

“Wikipedia.” Wikipedia. Wikimedia Foundation, n.d. Web. 27 Oct. 2015. <https://en.wikipedia.org/wiki/life_cycle_thinking>

Choose to Be Bothered

It is important to be bothered because it gives me courage and determination to fix this problem. For example what if someone says to you, “You can’t make a 3 pointer in basketball.” That gets me kind of mad so I would work at it until I could make a 3 point shot regularly so I could prove the kid wrong. Another example would be how 5 to 7 million animals go to an Animal Shelter every year. If everyone could protect their pets and not abuse them there wouldn’t have to be any Animal Shelters. My last example would be that each person in the world throws away about 4 pounds of garbage every day. I wish that everyone could reuse stuff like plastic, cans, or bottles, but most people don't on a regular basis . I hope you choose to be bothered because you could really change the world.