1. By Alex Saddler, Tom Kutina, and Dillon Nelson
Economics
By Alex Saddler, Tom Kutina, and Dillon Nelson

2. Economics
Economics is what keeps a nation on its feet. It determines whether or not a nation’s people are educated, well-paid, fed, healthy, and living a good life.

3. The Tour
We will now give you a little tour on what it’s like to start an economy.

4. The Dawn of an Economy
First, either private companies or the government builds factories to produce goods.
The government builds schools, transportation, and health care facilities.

5. Education
Adults use the schools to learn how to run the new factories.
Children also go to school, but they are not trained for work until they are adults.

6. Workers The newly-trained adults take up jobs at the new factories.
The factory benefits from the workers making goods for them.
The workers also benefit from the factories, who pay them wages.

7. Spending
The workers, who get paid by the factories, use the money to buy food, clothes, furniture and other accessories for their families.
The factories and businesses selling these goods receive money from the consumers.

8. Tax Day
Both workers and factories have to pay taxes to the government.
The government uses these taxes to pay for the schools, transportation, and medical facilities.

9. The loop goes on
After taxes pay the public services, more people are educated for work, more factories are built, and the new workers run the new factories.
The Economics cycle simply loops; it will never stop… or will it?

10. Uh-oh….
When the tour mentioned “it will not stop,” it means that it will continue to grow stronger, as long as everything that we mentioned happens. But, an economy is set up like a Domino line, and knocking down that one brick knocks them all down...

11. The end is near….. Let’s pretend that all of the factories started
making goofy products
that no one likes. That
means that no one will
buy the products.

12. Well, if no one buys
anything, the factories
don’t make any money,
and will have to fire
some of their workers.

13. If the people can’t work,
they will have no money
to buy products or pay
taxes.

14. Now the government can’t make any money, making it impossible to keep the public services.

15. Without public services,
people can’t get
educated, drive on the
streets, or go to the
doctor when they are ill
or injured.

16. It is now impossible for
factories to recruit
workers to make their
products. The factories
close, and the last brick
of the economy is down.

17. Wrap-up money comes from factories. In conclusion, an
economy is one of the
hardest things to run.
It is most difficult to
start one, or improve a
terrible one. You need
money and education to
make factories, but
money comes from factories.

18. So far, this slide show has covered:
Wrap-up
So far, this slide show has covered:
How an economy is started
How an economy is maintained
The Economy’s loop
How an economy can break down

19. THE END
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