Project Assignment 1
1. I think if someone wants to keep track of anything financial wise, I think tracking your finances on online banking would be helpfully because you can see what’s coming and going out of your account. Another good technique would be making a spreadsheet to have written on paper all of your bills and payments.
2. I recently purchased new shoes online with my debit card and I have bought some new work pants, online also.
3. The most recent service I bought would have to be getting my nails done.
4. The functions of money are to serve as a medium of exchange, a unit of account, and a store of value. Inflation is an economic phenomenon that has an increasing change in the price of goods and services.
5. If I was too move somewhere I would want to know how much the cost of living is there, how many jobs are available and if they population is growing for the economy to grow.
6. The market economy could be argued to be the best economy because it encourages private ownership of business. When people work more they make more money in return for themselves.
7. Having a business making a lot of profit in my opinion is a very good thing because its more that is going to the economy but it could also be bad for other business because if one business is making more profit and selling the same things that another is selling it could cause that one making no money to go out of business.
8. A good company that has a lot of direct and indirect companies would be Wal-Mart, they have similar companies such as Piggly Wiggly, Dollar General and CVS that offer the same products but Wal-Mart is more widespread. Some indirect companies would be Auto Zone because Wal-Mart offers automotive and that all Auto Zone does and