Economics

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Term Paper Title	Economics
# of Words	555
# of Pages (250 words per page double spaced)	2.22

               Economics

  1             The study of economics is helpful in several  ways . Some of these I
     will comment on . First of all , technology levels affect a societies economy ,
     so by learning what products are produced and how they are produced , you
     can see how technologically advanced a society is . By examining where the
     produced goods are sent/used you can get a better idea of what type of
     government the society is run by . By studying an economy and seeing how
     the economy uses resources , you can learn what resources the society
     controls and which ones the society needs . Tied in with this factor of
     resources you can get an idea of which countries have leverage over other
     countries .

2          An economist how a society or government meets the needs and
     wants of the populace , either through production or commerce .
     Economists see the world as a) profitable  b) unprofitable  c) and they see
     opportunity costs . By viewing the world in such a manner they are able to
     help in the decision making involved with money and industry . They can
     help to save money , resources ,  labor,  and time .

3           Microeconomics is the study of an overall economy . In studying
     microeconomics you study a wider range of services , productions ,
     exchanges . While not as discriminate as macroeconomics , you can get a
     broader picture and grasp the basic concepts of an economy .
          Macroeconomics studies the study a single aspect of  an economy ,
     lets say the mining of coal . You don’t research the delivery , the ‘market’ ;
     all you study is the actual mining process . While this may be more limited in
     scale , you can learn more about that specific process . You don’t see the
     whole picture but you can find the specifics on that subject .

4          Personally I don’t th...

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