Why Do We Participate in the Economic System???

Everything we do is connected to the economicsystem in some fashion. Each day we go to work

because the work we provide is in demand in the andthe wages we receive enable us to get the the goods

and services we need to live.

Goods and Services are sold to Consumers

Money is exchanged for goods and services

Business and Gov’t pay individuals for labor

Individuals provide labor for businessesand Gov’t

Government provides services to its citizens

Citizens pay taxes to their government

Participation in Economic Activity is circular in itsnature. Labor is provided for wages and ages areexchanged for goods. However the wages earned

from labor are now gone and the process must beginagain. This process will continuously repeat itself

throughout your lifetime.