5. Consolidation - The Almighty Dollar

5. Consolidation - The Almighty Dollar

Open Ended

What is your name?

Which form are you in?

a) What have you enjoyed about lessons so far?

b) What would you like to see done differently?

What is the Economy?

The economy is the word which basically describes how countries make money!

Products are made and sold - creating employment (jobs) for people and making profit for companies. Sometimes countries may need to lend money from others - this is known as debt and is part of the economy.

Multiple Select

The economy is anything to do with what?

• Money

• Jobs

• The Environment

• People's lives

Multiple Select

Which of these are ways in which you are linked to the economy? Tick all that apply...

• You spend pocket money in a shop.

• You collect plastic from the ocean.

• You save your money in a bank account.

• The adults you live with go to work to earn money.

• You borrow £2 off your friend to get a bar of chocolate.

You spend money in a shop

This money is then sent around the world as the company buys in other goods from other places.

You collect plastic from the ocean

This is NOT the economy - this is the environment which is important but is not part of what we will be looking at this LP.

You save money in a bank account.

This concerns money so is definitetly part of the economy!

The adults you live with go to work to earn money.

This concerns money and jobs again so is definitely the economy!

You borrow £2 off your friend to get a bar of chocolate.

This is a bit like debt and will mean you might have to pay your friend back - definitely the economy!