Brittany Hayslett Assignment 1 on Economic Basic

Assignment 1: Economic Basics
(24.0 points)
 
1. pull out two examples of all important(p) things that financial planning skills potbelly help you do, and explain wherefore these things argon important to you personally. (4-6 sentences. 2.0 points)
 Create a budget because if I make a budget, then I can conduct extra funds for myself. I will know how overmuch to spend. I can keep track of my current consumption and and make sure I didnt go over limit. Budgets are necessary for financial health.
Plan for retirement because I habit have to worry about money. I would come out of the closet glum small and increase apiece month. The sooner I start saving, the more time my money will grow. Retirement is so expensive.
2. List two examples of goods you have purchased in the retiring(a) or may purchase in the future. (Complete sentences are not necessary. 0.5 points)
 T-shirt
kiosk phone

3. List two examples of services you have purchased in the past or may purchase in the future. (Complete sentences are not necessary. 0.5 points)
 babysitter
tutor
4. One of the functions of money is as a store of abide by. How does pomposity affect moneys ability to store value? (3-6 sentences. 2.0 points)
  Inflation can decrease the value of money over time.



Inflation is when the value of money goes down, so that you cant get as much for your money as you could in the past. If inflation is increasing, the value of money is handout down.
Imagine that you are considering moving to a new earth and looking for a job there, but you first insufficiency to make sure the country has a strong economy. Describe at least three scotch factors that you would want to look as evidence of the economys strength or weakness, and explain how each factor would affect your decision to move there. (4-6 sentences. 3.0 points)

6. Explain which economic system of rules (market, planned, mixed, or traditional) you think is best for consumers. Describe at least one reason why you think this system is best for consumers. (4-7...If you want to get a full essay, put in it on our website: Ordercustompaper.com



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