ECONOMICS
by Joana Gatchalian
1. Divisions of Economics
1.1. Macroeconomics
1.1.1. studies the overall economy
1.2. Microeconomics
1.2.1. individual consumers and producers
2. Economic Trends
2.1. Diversity in workplace
2.2. Globalization
2.3. Demand for educated profession
2.4. Self-Employment
3. Importance of Economics to the Society
4. Economic Problems
4.1. Inflation risk
4.2. Environmental Threats
5. Definition
5.1. is the proper allocation and efficient use of available resources for the maximum satisfaction of human wants
5.1.1. Production
5.1.2. Distribution
5.1.3. Consumption
6. Economic Systems
6.1. are the means by which countries and governments distribute resources and trade goods and services.
6.1.1. Capitalism
6.1.1.1. Welfare Capitalism
6.1.1.2. State Capitalism
6.1.2. Socialism
6.1.3. Mixed Economy