As we all know, economy is the production, distribution and consumption of goods and services. Economy is present in my life in many different ways.
For example, my family purchases a copious amount of goods that are produced such as our cars, clothes, TV and food.
In addition, distribution plays an immense role in my life as well, such as the post office, me purchasing things from the store, and banks. The stores and banks distribute their goods to me.
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Consumption also takes place in my life. We consume many items such as food, household items, clocks, computers, etc - all by buying them.
There are many goods in my life such as water, toys, food, and metal. From an economic context, all the items we consume in our livelihood are goods. Honestly, I think goods would be the part of the economy that affects my life the most as compared to services.
Service jobs are in which someone performs a task for a person or a business. They include: police officers, firefighters, doctors, veterinarians, teachers, janitors, garbage disposal staff, plumbers, electricians, etc. Service jobs are also a factor of my life since everything I do is either kept safe, or kept clean, by someone with that job.
Life, is a challenge, but without a good, vibrant and successful economy, I think it would be a struggle and meaningless.
