Exam I 1

Exam I 1 - When examining economies throughout the world,...

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When examining economies throughout the world, we must understand that economy differs from country to country, tribe to tribe, etc. One thing that we can infer about most economies throughout the world is that they all set goals for themselves. To achieve these goals most of them, in their own way, respond to the five fundamental economic questions: What goods and services will be produced? How will the goods and services be produced? Who will get the goods and services? How will the system accommodate to change? How will the system promote progress? (McConnell 34) I will discuss how the Zulu, an African tribal society, responded to these five fundamental economic questions throughout their history. The Zulu tribe is the largest African tribe in South Africa. “The Zulu believe that they are descendents from a chief from the Congo area, and in the 16th century migrated south picking up many of the traditions and customs of the San who also inhabited this South African area” (Zulu 1). They speak their own language, which is called isiZulu. The Zulu tribe is known for being very spiritual and very closely tied with their music (Zulu 1). An estimated 11 million South Africans consider themselves part of the Zulu
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This note was uploaded on 11/29/2009 for the course ECON 212 taught by Professor Hoffman during the Spring '07 term at UNL.

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Exam I 1 - When examining economies throughout the world,...

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