Economic Summary
This image was created by a team member
looking back
About the Economy
- An economy is a system in which people live through a series of transactions.
- The economy is made up of three entities: firms, households, and the government.
- The paper money economy is due for barter.
About the Economic Boom
- The economy is a cyclical expression of whether economic activity is active or not.
- Inflation is a continuous increase in prices and a simultaneous decrease in the value of a currency.
- Deflation is the continuous fall in prices and simultaneous increase in the value of a currency.
- Stagflation is the rise in prices at the same time that the economy is in recession.
Words from us
So far we have learned about the basics in "About the Economy" and "About the Economy".
Many people have lived their lives without paying attention to anything until now.
However, the economy and the business climate are very much a part of our lives.
We sincerely hope that more and more people will become interested and take action, and that the Japanese economy and the world economy will improve!
before next