Goods can be things like clothes, food, machine parts, or even things like furniture. ... Another country might have many factories to make cars but very little farmland to grow food. One country will grow lots of food and sell some of it to the other country. ... The distribution of natural, human, and capital resources among nations is unevenly nations differ in their endowments of economic resources. ... With their recovery now ensured, Japan embarked on a period of great economic growth, which is growing at a faster rate every day. ...

• Word Count: 1210
• Approx Pages: 5
• Grade Level: High School

The factors that are transforming the world environment and the relationship of the United States within it is technological changed, which is moving faster than at any time in history. ... Japan, which was not even in the top twenty leading trading nations in 1900, now ranks third. ... They believed that society benefited from a division of labor and commerce, and free trade benefited consumers in all nations. ... For this sort of economy system, short-term gains did occur, but the majority of people suffered under system that paid little attention to food production or consumer goods. ...

• Word Count: 1977
• Approx Pages: 8
• Grade Level: High School

In other words it signifies the basic needs of humans----food, clothing and shelter---and affects each and every member of the society in one way or the other. ... Further, apparel sector is one of the five expenditure categories of the Consumer Price Index in US with Food & Beverages, Housing, Transportation and Medical Care being the other four. ...

• Word Count: 6737
• Approx Pages: 27
• Grade Level: High School