What is economics? I really don’t know a lot about economics, and I'm sure I need to learn more about it, but one thing is certain: Economics relates to Social Studies! That’s why we are talking about economics! I’m so smart! I'm such a genius! Ha! Well, actually, I do know some things about this topic. I’m not clueless, I hope. So let's talk about the subject... Economics! I'll tell you what I think below!
When I think of economics, I think of the trading of goods, money, and services. I also think of businesses, markets, and entrepreneurs. I think of a lot of other things when I hear the word “economics.” Basically, economics is very important to our world, so that’s why we are learning about it. For example, what if people stopped using money all over the world? What if there weren’t any services or goods like businesses, salons, markets, or malls? I wouldn’t be able to go shopping! Oh no!
Actually, we would have much bigger things to worry about if there wasn't any economics. Now that I think about it, I realized that money is super important. Without money, a lot of people would die because not a lot of people would want to open services or sell goods and not get anything for themselves in return. People would have to struggle, fight, and trade items with others to survive. A lot of people would become subsistence farmers so they have enough food to eat and water to drink. People would quit their jobs if they only worked for the money. And that would be horrible! Our world will go down! So that’s why you guys should all love money unless you want to become subsistence farmers! Even though what money is made of doesn’t cost much, money can be worth a lot! I say, whoever made up the use of money is a genius! That’s what I think, but of course I still need to learn more about economics to certify my decision. What do you think?
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ReplyDeleteYes we wouldn't last long... People will starve and thirst to death.... freeze to death.... so money is really important! What if people started becoming cannibals and started eating each other just to survive? Seriously, some people do that. Someone would have to do something! Or maybe nobody would (because they enjoy eating humans?) Also a bunch of people would become subsistence farmers! Our lives would be totally different without money! There would be nobody to trade with if nobody had anything! Our lives would be basic: crops, water, shelter.
DeleteEconomics is important because it helps us get resources that would be very hard to get without. It can determine Economies, and can be used in negotiations.
ReplyDeleteI agree without money many of us would not survive.
ReplyDeleteI agree, economics is important. Not only will we have to get our own resources, everyone would be poor because we wouldn't be able to share our goods and services. We need other resources from other places as well, and if we didn't trade we wouldn't really have much. Imagine not being able to have all the resources other countries have! Also, school is also a service, I think, so imagine if no one went to school! Basically, if there wasn't any economy, we wouldn't last long. What do you think will happen?
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