By DANIEL Brackin, ROY Brown, and BREE Roman No poverty GROUP NAME: TEAM-NO-POVERTY By DANIEL Brackin, ROY Brown, and BREE Roman

POVERTY? … quick facts 836 million people still live in extreme poverty About one in five persons in developing regions lives on less than $1.25 per day The overwhelming majority of people living on less than $1.25 a day belong to two regions: Southern Asia and sub-Saharan Africa High poverty rates are often found in small, fragile and conflict-affected countries One in four children under age five in the world has inadequate height for his or her age Every day in 2014, 42,000 people had to abandon their homes to seek protection due to conflict

Economic system

An economic system is a system of production, resource allocation, and distribution of goods and services within a society or a given geographic area.

A description of the system Production and Consumption A description of the system: We decided to work with an economic system. The goal is to utilize an economic system to simply decide how we can produce and allocate different types of resources to different groups of people.   The components of the system Manufacturing – Transformation of various materials into goods to meet customer expectations. Regulation – Involves how production is controlled. Distribution – How goods are transported and made available for consumers.

How the components of the system interact Manufacturing, Regulation, and Distribution All three of the components are often directly related since this is a very open system. Regulations can often affect manufacturing which then affects distribution. Real world example would be energy constraints on emissions from a manufacturing plant, which companies usually say cuts down on production and jobs. Healthy relationships between the three help the global economy and thus reduce global poverty. Based on regulation changes, manufacturing limitation, or distributions issues the system adapts to the inputs that are given although sometimes in an unpredictable way: Market dips and rises. Item prices due to manufacturing and distribution problems.

Outcomes Economic systems are stable and predictable Each member in the economic system will serve a purpose A steady manufacturing rate allows for a steady regulation rate and distribution rate. The stable production in an economic system allows for a continuous supply of resources for life. A traditional economic system isn’t very dynamic Since this system is supply and demand, what is being manufactured should correlate to what it being consumed Therefore, this economic system creates and sets a standard of living that is generally unchanging.

Economy of the system The economy of the system Resources of the system: labor, produce, capital and land. Several types of global economies, each with various levels of government regulation and input. Exchange of resources takes place via trade/barter and currency exchange.

HOW DOES THIS ALIGN? A lack of growth in a country’s economy is one of many causes of poverty. Our hope is that if we truly focus on the idea of improving the system then poverty will reduce.