Economics has been around for as long as humans walked on earth. Going back to the days where the economy was not broken into different classes; capitalism, communism, or socialism, it was thought of as history and geography. Economics advanced from the primitive days to where we are now through the notion of history and geography. Thousands of years ago when the economy consisted of weapons to hunt animals and tools to grow crops in …showed first 75 words of 1317 total…

…showed last 75 words of 1317 total…The capitalism practiced in the United States differs from the capitalism that is practiced in Europe. The economic position of a country depends on the countries location, economic system, and the countries standard of living. The historical part represents the development of the society, industrialization, how far the society has actually advanced technologically. Economics represent history and geography but also governs and controls the way that individuals, communities, societies, countries lead their way of life.