Economy: system of production, distribution, and consumption of resources

Get Started. It's Free
or sign up with your email address
Economy: system of production, distribution, and consumption of resources by Mind Map: Economy: system of production, distribution, and consumption of resources

1. Microeconomics

1.1. Choice, psychology, means of production

1.2. A type of economics concerned with single factors and the effects of individual decisions.

1.3. Value

1.4. "Rational choices"

2. Anthropology of Economics?

2.1. Distribution of wealth

2.1.1. Is there a fair distribution of wealth? How is wealth typically distributed? Do those born into a higher economic families have an easier time maintaining and/or becoming wealthy? By definition yes

2.2. sociological imagination and economy: does broader view of economy/economic status lead to greater satisfaction or dissatisfaction in an individuals life?

3. class system determined by socio-economic status

3.1. how does this change with time?

4. Money

4.1. representation of wealth, varies by location

4.1.1. Physical representation/symbol of money paper/coins shell goods bitcoins

4.2. Does it have to involve money to be construed as economic?

4.2.1. Barter, dowry, gifts, etc

4.3. How is wealth distributed?

4.3.1. unfairly

5. of or relating to the ECONOMY

6. flow of resources

6.1. Value/ What is valuable?

6.1.1. how does this change culture to culture

6.1.2. how does value change over time

7. Lens through which to view human behavior

7.1. How humans make choices

7.2. How humans determine value

7.3. Developed for quantifiable aspects of society, e.g. markets, goods & services

7.4. NOT to be confused with 'finance'

7.4.1. Can you clarify the difference

8. Power

8.1. Vacuum

8.1.1. Broom

8.2. the ownership of things deemed valuable by a culture or society places the individual in the highest class

9. Is there a history to economics?

9.1. history of economics

9.1.1. Economic History

9.2. how has it changed over time?

9.2.1. Changing meaning of what it means to be "wealthy"

10. donation

10.1. philanthropy

11. Business/jobs

11.1. lowering unemployment rates

12. society grows when economic activity increases

12.1. social impacts: increased pressure for the individual to succeed

12.2. wealth vs. income gaps

13. How do social structures affect economics?

13.1. how does one define "rich" or "poor" in a historical context?

14. Communism!?

14.1. Marxism

14.2. capitalism!

15. controlled by the government and/or the private sector

15.1. illuminati

16. when did ECONOMICS start to become a widespread concept?

16.1. Maybe when money started to matter more

17. Adam Smith

18. Economy's impacts on the environment

18.1. How this affects peoples decisions

18.1.1. Environmental/social consequences

18.1.2. original American voting stipulations: only "landowners" can vote --> inherently excludes whole people groups

18.2. Economy -> environment -> public health

18.2.1. Such as oil production and pipelines

18.3. economic growth prioritized over environmental impacts

19. Macroeconomics

19.1. Markets, government

19.2. Macroeconomics is relating to large-scale or general economic factors, such as interest rates and national productivity.

19.3. Politics

19.3.1. How does money change politics? Do those with more money have the ability to shape and change politics?

19.3.2. should economic policies aid the poor more than the rich? What about the other way around?

19.3.3. How does politics change the economy? How much can political leaders alter the wealth of citizens?

20. Divide

21. The relationship between education, social standing, and economic value

22. Religion and its control over the economy or vice versa

22.1. Church sects acting as a governing body

22.2. In countries that are governed theologically, such as Saudi Arabia. Others in which religion plays a large role to economy (tourism etc) like India, Turkey...

23. Non-formal markets

23.1. Crime

23.2. "Shadow economies"

23.3. Cryptocurrencies

24. social imagination within the economy?

25. can "the economy" really determine individual success vs. failure?

26. impact of tax systems (meanings of fiscally liberal vs. conservative?

26.1. How tax systems change schools. Is it fair to have those in poorer areas go to not well funded school. Districting

27. Economy's effect on Education

27.1. Education as a way to better status, as a way to get a job, etc.