this discussion assignment is to address the ten principles of economics by definition and more importantly how they impact the lives of youand your community. use this principles in real life applications.

1 markers are usually a good way to organize economic activity

2 government can sometimes improve market outcomes (or not)

3 A country's standard of living depends on its ability to produce goods and services

4 prices rise when the government print too much money

5 society faces a short run trade off between inflation and unemployment.