How an Economy Grows and Why it Crashes summer project
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- Title Page:
- How An Economy Grows And Why It Crashes Summer ProjectBy Zachary Stiskin1st Period
- Chapter 1 : An Idea Is Born
- We have been less productive and can only catch 1 fish per day only using our bare hands!!
- I created Capital by Building this net, and I now can catch 2 fish per day.
- Chapter 2: Sharing the Wealth
- Since I am now catching 2 fish per day. I can consume 1, and save the other for a later time.
- We are still only catching and eating our 1 fish per day.
- Chapter 3: The Many Uses of Credit
- I have now loaned Charles and Baker some of the fish that I have saved
- We will pay him back with interest through our credit
- Chapter 4: Economic Expansion
- We are going to work together jointly to build a new, bigger fish trap so we can expand our production and catch more fish than ever!!
- Chapter 5: Prosperity Loves Company
- I am a chef, I cook the fish. I let the fisherman catch the fish that I cook.
- I specialize in surfing and selling surfboards because I am better at surfing and selling surfboards than fishing.
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