Examples of economic activities - purchasing of groceries

Assignment Help Macroeconomics

Reference no: EM13788553

Write a 700- to 1,050-word paper summarizing the results.

Consider the following examples of economic activities:

Purchasing of groceries

Massive layoff of employees

Decrease in taxes

1) Describe how each of these activities economically affects government, households, and businesses.

2) Describe the flow of resources from one entity to another for each activity.

Note - Many students define economic terms, which is the point of the Week 1 paper and does not really belong in this week's assignment.

3) Define these resources, labor, time, money (capital), land, and entrepreneurship.

4) Relate at least one current event to the activities.

Reference no: EM13788553

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