The 3 economic systems

Drawing of Economy

Economy in our lives

Economy is the production, distribution, and consumption of goods and services. But what’s production? Production is anything that is made or created. So for example, furniture. Furniture is made by people and factories. Another example is movies. When movies are made, you may hear people say, “... produced a movie! It’s one of the biggest hits in the country!” That’s because the producers made the movie, so it’s called production. Production is present in our everyday lives, even if you may think differently. What about distribution? Distribution is to give. But how does that relate to economy? Well, stores are distributors, because they are giving goods to us. Consumption is when we take things in. So how is it related to economy? Well, when some stores give things to us, we are consuming it. Next up, goods and services. Goods are things you can buy from a store, such as a basketball, a glove, carrots, a water bottle, shampoo, soap, etc. Last but not least, services. Services are groups/people/organizations that help you in something. For example, school! So now you know, economy is the production, distribution, and consumption of goods and services.

I'm Bothered!

Why should we be bothered?

In my opinion, everyone should be bothered about something in the world that isn’t good. If people aren’t bothered, the world would be a lousy place to live in. When you’re bothered, you have a feeling that we have to change it! So when people get bothered, they make the decision to prevent it from happening, or change it into something amazing.  For example, if you were bothered by people littering, you would have a feeling that you need to prevent it. So, you most likely will do something to stop it! Or you can change littering into something good, like making arts and crafts with litter! If everyone is bothered, they’ll do little things that make a difference, and because everyone is doing so, it can make a big difference. For example, if everyone is bothered by people not following traffic rules, everyone will be motivated to stop it! And because everyone is participating, more and more people will stop skipping traffic signals, making a bigger difference than just one person. So if you’re bothered, you can change the world.