Please enable JavaScript.
Coggle requires JavaScript to display documents.
The Economy - Coggle Diagram
The Economy
Production growth
Living standards
food
Provides nurishment/strength to work
healthcare
healthy workers produce more work
Physical capital
equipment
Skilled workers operate machines
buildings
house machines and workers to produce goods
human capital
knowledge
receive education to possibly prevent unemployment
skills
skilled workers can meet demands of the industry
natural resources
land
to build infrastructures to product goods/services
rivers
good and services are transported for import/export
minerals
mined minerals
mined by skilled laborers
gold/minerals are part of the stock exchange
produces wealth for investors
technological knowledge
efficient ways to produce goods/servces
Unemployment
effects living standards
cannot contribute to the production of goods and services.
not enough demand for workers in the industry
takes time for workers to find a job they have skills for
Savings
increased investment
higher productivity
higher income
increased capital
Investing
capital investing raises productivity
investing from abroad helps a country to grow