Capitalism has been raising the worldwide standard of living for years. But governments around the world have responded to the COVID-19 public health crisis with very strict rules. Now a lot of progress toward Continue Reading
Have you walked through a supermarket and wondered why oranges, beef, and a box of Oreo cookies are priced the way they are? Well, various economic and societal factors explain the costs, Continue Reading
Congratulations. You are living through one of the most prosperous times in American history. This is stage three of a bubble: Euphoria. Bubblemania: A Primer A bubble happens when, for some reason, Continue Reading
You have probably heard by now that the national debt is the biggest it has ever been and that it’s only growing, as each year sees a new record high. But what Continue Reading
Some say that capitalism leads to a greater gap between the rich and the poor, but the middle class didn’t exist before this system. The reason for this was discovered by the Continue Reading
Economics & Money – Elementary School Elementary ~ Liberty Explorers Hot Topic - Elementary School Politics - Elementary School
Capitalism vs Socialism: What Is the Difference?
There has been a lot of talk about capitalism and socialism. Some people want the government to have more control in the lives of everyday Americans in a socialist system. Others say Continue Reading
Have you ever made money doing chores at home or by setting up a lemonade stand in your neighborhood? Have you earned pocket money, or used a dollar bill in a store? Continue Reading
Taxes are a key issue in society since almost everybody has to pay them. So, what exactly is taxation? Taxes are money that each person or business has to give to the Continue Reading
The economy grows and shrinks, and we call this the boom and bust cycle. When the economy is growing, we call it a boom. When the economy shrinks, we call it a Continue Reading
The official money of the United States is the dollar. It’s equal to 100 cents, or pennies, and is represented by the $ symbol. The US dollar began with the Coinage Act Continue Reading
Free trade happens when buyers and sellers from different countries trade with each other without either government getting involved. Isolationists want less trade with other countries – or none at all. Protectionists Continue Reading
There’s an old saying that “money makes the world go around.” In an economy, people work, save, and spend money – plenty of them worry about it, too! The dollar does not Continue Reading
To make sure people have enough money to live, the government asks companies to pay workers at least the minimum wage. Companies can pay workers more than the minimum wage, but never Continue Reading