Economy has intimate relation with society and influence on society for many ways.
●Economy has some of major factor.
Capital, labor, technology, knowledge and enterprise. Economy is divided by three types of nation. First, developed countries provide technology and capital to world economy system. Second, underdeveloped countries provide labor and resources. Third, developing countries provide some technology and labor.
●Economy had many varition until now.
1.Agricultural Revolution, people had their land and house. Also, they had surplus resources. So appeared the first notion of capital.
2.Industrial Revolution, Watt invented steam engine. People constructed many factory and steam locomotive. Peolpe worked for wages and factories produced goods in quantity. World were urbaniztion,too.
3. Modern Industrial,by using non-natural material, companies and factories increased efficiency.
4.Information Revolution, People use computer, network and high technology. Idea and knowledge are very important.
Capitalism comes from the Roman era and past Islam society. Today's Capitalism appeared in the 19th century. Marx criticized that Capitalism will cause gap between the rich and poor. Also cause economic crime, exploiting workers and intensifying social stratum.
World economy system had slumps sometime. Especially, World War Ⅱand the Black Death. A lot of people dead because the war and disease, World trade quantity sharply decreased. So, economy had slump some years.
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