Economy

Economy

1. Production and consumption

   • goods and services
     • in one given area

2. one of the wides fields of study

   • microeconomy
   • macroeconomy

3. Adam Smith

   • "The wealth of nations"
     • Generation, distribution, consumption and exchange of wealth

4. Global Economy

   • wich economies from all the world
     • operates together
   • main activities
     • bring together the economies
     • exporting and importing
     • FDI

5. Globalization

   • Processes
     • bring together markets and
       • nations
       • scientifically
       • Technologixal
       • Economic
   • drived by
     • political issues
     • techonology
     • markets
     • cost reduction
     • increase in competition
     • people migration
     • labor mobility
   • National markets
     • converged
       • one huge global market
   • arguments
     • in favor
       • greater variety of products in national markets
       • New Business Opportunities
       • Improve productive processes
       • Allows sourcing from around the world
         • allows to concentrate actvities in world locations
       • enables savings
     • againt
       • increase poverty and inequality of income
         • eliminates jobs
           • Homonogizes cultures and lost of identity
       • WEAKENS WORKERS RIGHTS
         • It exploits human beings
           • weakens governments power
       • It destroy the environment
         • Promotes consumerism and materialism