This displays my learning for social studies in term four. our main topic was being globally minded, you will see below my understanding of the three concepts and my report on the NZ export product I researched.
Economy is a way people spend money and make money but also the economy determines how goods and services are exchanged and made. The pure command economy, the traditional economy and the mixed economy, the economy is a large set of the interrelated production and consumption activities that aid in determining how scarce resources are located.
Trade is the general marketplace involving or transferring the buying and selling goods and services. It is basically the concept of buying and selling of goods and services which have been paid by the buyer or the seller or the exchange of goods and services between companies or parties. Trade is a way you can make a living or the act of exchanging, another example for trade would be like the tea trade where tea is imported by china and purchased in the U.S, trade is kind of like when you can trade one thing or many things in person or over online from other countries around the world.
Globalisation is the movement and exchanges of goods, and services, technologies, companies or cultural practices from all over the planet. It's also used to describe the growing interdependence of the world's economics and population and it is interaction with people, companies, and the governments worldwide. Globalisation is a process by which people move simply across the borders. Some examples of globalisation are the food industries, banking industries, and technological growth on a worldwide scale. Globalisation isn't only just an exchange of goods but can also be an exchange of ideas between others in many ways. The more technology, and the more transportation improves.
For my Nz export product I decided with a partner to research alcohol or wine , because it is a very popular export product around our country and world. Did you know the total worth of NZ export products around the world in 2021 is 130.53 billion dollars. This was how wine became wine. Chemical analyses recently confirmed that the earliest alcoholic beverage in the world was a mixed fermented drink of rice, honey, and hawthorn fruit and/or grape. The residues of the beverage, dated ca. 7000–6600 BCE, were recovered from early pottery from Jiahu, a Neolithic village in the Yellow River Valley. The residues of the beverage, dated ca. 7000–6600 BCE, were recovered from early pottery from Jiahu, a Neolithic village in the Yellow River Valley. The top nz trading partners are china, Europe, australia and usa.
