An economy forms when groups of people leverage their unique skills, interests, and desires to tradewith each other voluntarily. People trade because they believe it makes them bette… See more

The clearest opportunity to examine the formation of an economy is when a country starts; because … See more

An individual laborer is more productive (and worth more) when they can more efficiently turn resources into valuable goods and services. This could be everything f… See more

We'll stick with the historical examples and analyze the United States in the post-World War II era to look at economic growth. This era is sometimes referred to as the "Golden Age of Capi… See more