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Inflation is a complicated concept. Under ideal circumstances, an inflation rate of 2 or 3 percent can be good for the economy, as it helps boost businesses' profits. Unchecked, however, inflation can lead not only to financial hardships for individuals but to widespread economic downturns. Students will learn how inflation is affected by supply and demand, how it existed long before paper currency, how it can be regulated, and how a lack of regulation...
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What are taxes and what are they used for? Through this book, students will gain a general understanding of the obligatory fees each person in a country is required to pay the government. The text explains the history of taxation as well as the different types of taxes and their effects. Additionally, students will learn how important taxation is to modern economies and how taxation levels can rise or fall depending on a nation's financial health....
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"What are economic depressions, and what causes them? Through this book, students will gain a general understanding of economic cycles and how depressions are not part of the normal ebb and flow. They will learn about what triggers these extreme economic downturns and how countries try to recover from them through the real-world example of the Great Depression. Readers will explore twenty-first century recessions in the United States, Greece, and...
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This volume helps demonstrate the interconnectedness of international economies and cultures in the twenty-first century. Through discussions of economic, political, and cultural globalization, students will begin to understand the varied dimensions of global economies. This book presents twenty-first-century examples of globalization ranging from Apple's outsourced manufacturing to the ways in which countries that are a part of the United Nations...
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"Readers will learn about recessions and how they are a part of the normal economic cycle: peak, recession, trough, and recovery. This narrative explores how inflation and the imbalance of supply and demand can cause an economic downturn. Through the twenty-first-century example of the Great Recession, students will learn what causes these periods of economic contraction, what leads to recovery, and how to avoid severe and prolonged periods of stagnancy,...
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Although the stock market has a major impact on the economy, many people do not fully understand it. Through this book, students will learn about stocks, the open market, and the dangers and benefits of investments. They will come to understand why individuals and businesses place their financial confidence in the market in hopes of further financial gains. Additionally, the dangers of taking these financial risks will be explored through the examples...
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How can supply and demand cause a factory to close in one town or country and open in another? How do consumers drive what products are being made and at what prices goods are being sold? Students will find answers to these questions and more through this book that explains the law of supply and demand. Examples tether these concepts to the real world through discussions of topics like the effects of crop shortages and surpluses. Readers will have...