How The Increase Of Taxes Can Have A Direct Impact On The Global Economy

829 Words Mar 8th, 2015 4 Pages
The study of macroeconomics is an academic discipline that examines the performance, structure, behavior, and decision-making of an economy as a whole, rather than individual markets. Society as we know it is an ever changing array of tendencies and activities that can be classified into a series of numerical results. There are several different macroeconomic scenarios that the individual consumer is presented; this paper will discuss a few of these. First, the simple act of obtaining household items such as groceries can have many fundamental economic concepts. Secondly, in today’s business environment, where corporate reorganization causes massive layoffs, a ripple effect can be felt throughout the economy. And lastly, this paper will discuss will explain how the decrease of taxes can have a direct impact on the global economy. Altogether, these scenarios and their economic implications will be used to explain the fundamental importance of macroeconomic principles in society.
Purchasing Groceries
Global economic components are far reaching, and influence simple tasks such as purchasing groceries. Our grocery stores are filled with items that were largely farmed or manufactured far from their final locations where they are bought and sold. For example, bananas likely come from Costa Rica or Brazil, limes and avocados from Mexico, wine from France, Australia or Chile, or any number of processed offerings from China. These are only a few of the many examples of grocery items…

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