College Inc. Video

Terran Jackson 1G

The concepts below are important because they help change our government and economy today- worldwide and in America. This poster will explain definitions, and provide examples to help grasp the concepts being described.

Concept #2 (02.01.04) Market Pressure INCREASED

The pressures put on market prices to increase is remarkably important when an item's price is falling. This is caused by two problems one being the item's scarcity and/or two the failure in the markets needs and/or wants for the item. In 2015, in Turkey the pressure to increase sales on wheat was important. During November, Turkey's market started becoming mildly unstable. Trading had become slowed down during the winter. TMO- the Turkish Grain Board- estimates to pay back about 2 million dollars to producers for purchases. They had expected to hit an 18% increase since flour and wheat are highly demanded basic food items.

(Miller Magazine)

Concept #3 (03.01.01)

The role of self-interest for something is for your personal gain of something. Many students go to school to personally gain a higher education. The producer-the Government pays for the teachers, the services and etc. Some students help support the teachers's by paying for school fees. The consumer-The students get a free education up until High School. Another example is a baker, He bakes because it interests him. It also economically helps him as a producer producing sweets for money to support his family and buy things he needs and/or wants. The consumer going to buy sweets from him economically helps support the bakers business and helps the cycle or spending.

(Stlouisfed.org)

Biblography

Concept #1

...Dictionary.com,. "The Definition Of Inflation". N.p., 2016. Web. 1 Feb. 2016.

...NewSky24,. "What Is Inflation ? - Newsky24". N.p., 2015. Web. 1 Feb. 2016.

...CrockTock.com,. "What Is Inflation: Important Things You Have To Know". N.p., 2013. Web. 1 Feb. 2016.


Concept #2

...Miller Magazine,. "Selling Pressure Is Increasing In Wheat Market - Miller Magazine". N.p., 2015. Web. 1 Feb. 2016.


Concept #3

...Stlouisfed.org,. "The Role Of Self-Interest And Competition In A Market Economy, The Economic Lowdown Podcast Series | St. Louis Fed Economics And Personal Finance Education Resources". N.p., 2016. Web. 1 Feb. 2016.


Concept #4

...Wikipedia,. "Regulated Market". N.p., 2016. Web. 1 Feb. 2016.

...Wikipedia,. "Direct Market". N.p., 2016. Web. 1 Feb. 2016.

...CrockTock.com,. "What Is Inflation: Important Things You Have To Know". N.p., 2013. Web. 1 Feb. 2016.