Describe how the economy influences the ability to produce goods.

Description should include

• availability of resources
• consumer spending
• taxes and tariffs
• job creation/human resource considerations.

Process/Skill Questions:

• What is capitalism and where is it most common?
• What economic decisions lead companies to produce products in the United States?
• What economic policies result in U.S. companies producing products outside the United States?
• What is gross domestic product (GDP) used to measure?
• Why might parts of a product be produced or processed in multiple countries before being assembled and sold?
• What is the link between consumer spending and job creation?
• When manufacturers demand more raw materials, how might it affect other sectors?
• What role does the economy play on the cost of production?