[GEOG 1014] - Midterm Exam Guide - Ultimate 57 pages long Study Guide!
7 Feb 2017
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Us, china, japan, germany, uk, france: largest gdp. Not all of these states have made their money the same way. Just like in politics: left and right vary greatly in economics. Right: conserve economic power, people take care of themselves, keep fruits of your labor, do(cid:374)"t (cid:271)elie(cid:448)e i(cid:374) redistri(cid:271)utio(cid:374) of (cid:449)ealth. Right: earn it for themselves or rely on family, community, church. Left: roads, bridges, infrastructure, workers in factories- all elements in business success. **all business success is partially due to the society it operates in. Gov"t in economy left: directly involved in regulating or controlling aspects of the economy in order to use wealth generated to benefit its citizens right: keep gov"t out of economy and business as a whole. Businesses know how to best make money, streamline efficiency, keep costs down thus ho(cid:449) to keep state"s e(cid:272)o(cid:374)o(cid:373)(cid:455) goi(cid:374)g a(cid:374)d growing.
