Econ Quiz 1: Money! Intro to Economics & The System ● China is economically exponentially expanding ● GDP: Gross Domestic Product. ○ Whereas most european countries are stagnant. ● New economic titans rising. ● World Leaders: Largest GDP ○ Obama (USA) ○ Hu (China) ○ Kan (Japan) ○ Merkel (Germany) ○ Cameron (UK) ○ Sarkozy (France) The Economic Systems: The Left and Right ● Left: ○ Incorporating current perspectives to ○ More equitable distribution of wealth for all members of society. ○ Disabled, Dumb, Sick, elderly should be tended too ○ Spread the wealth ○ Redistribute wealth via services and benefits ○ Every business success is a result of ○ Government should be directly involved in regulating or controlling to distribute wealth to all ○ Regulating and controlling big businesses. ○ Used as tool for empowerment economically and politically. ■ Should be involved directly in economic activities. ■ Should regulate the economy, work laws ect. ■ Should use generated wealth or takes to distribute wealth via social services. ■ PRO WEALTH DISTRIBUTION,pro people ● Right: ○ Conserve, Keep the same, Conserve economic power in the hands of those who already have it.
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