How Does the Economy Work?

What you need to learn

How does the economy operate through transactions and spending, productivity, and short and long-term debt cycles?

Parts of the Economy

money

credit

transactions

market

goods & services

Economic Actors

Central government

Central bank

Economic Cycles

short-term debt cycle

long-term debt cycle

Economic Forces

inflation

deflation

recession

Relationships

interest rates and spending

economic health and social unrest

spending power versus money