~Essay 2~

~THE ECONOMIC SYSTEM~

The economic system of murjanica will be quite simple actually. The economy is currently in a good condition but as we all know these things can change with time. Let us begin by asking, “what is an economy and what is its purpose?” in the following essay we will answer these questions along with others and give vivid descriptions.

What is an economy? An economy is a combination of activities based on and/or related to the production, distribution, exchange and consumption of goods and services. http://en.wikipedia.org/wiki/Economy What is its purpose? An economic system will deal with domestic affairs, regulate and supervise household matters, and deal with matters concerning the monetary system. http://www.brainydictionary.com/words/ec/economy158250.html

The monetary system will be based on the amount of kindness and sweet items we have it the nation of murjanica. For example, if many people happen to be going through a “mean streak” at the same time the exchange rate will be less. Currently one narf is worth 7.56 euros. (There will be one hundred narf cents in one narf) So as you can tell we are a very kind nation at this moment in time. When the narf becomes worth less the items sold in retail shops and boutiques will be more costly. Food items will cost more etc. If the monetary value goes down, since we can control this by our actions, we will try once again to regain our status.

People can put extra money in one of the many federal banks. (Example: bank of murjanica) Checks may be used; they can be ordered directly from the bank of murjanica. Credit cards and debit cards will be available for use. To uses a debit card one must have a minimum of twenty-five narfs in their bank account. This goes for checks as well. To gain a credit card one must pay all of their bills on time. As they continue to do this they will build a sweetness score. As their sweetness score increases so does their credit line. The sweetness scale will range from one to one thousand. To gain hold of a credit card one must have a minimum sweetness score of tree hundred.

Now we will explain how taxation will work in the nation of murjanica. There will be no taxation with out representation. People of the working class will pay an annual income tax. This tax will be twenty-three percent of their annual income. There will also be a tax on purchased goods such as clothes, shoes, food, sugar fuel (intended for use only in a hovercraft), homes, furniture, office supplies, books, automobiles, etc. Vendors will add this tax to the items for purchase prior to a customers purchase. In other words tax will be included in pricing of goods. These taxes will be used to better the country and keep it looking clean. Taxes will pay for any maintenance necessary on the airways and pay those who are picking up trash that has fallen on the ground. Some of this money will also support the police force and army. This money will also go towards setting up a good school system for the children.


~other links~

httpw://ww.beje..deconufpe.br/rivero/rivero.htm

http://www.nytimes.com/reuters/business/business-column-stocks-outlook.html?_r=1&oref=slogin

http://www.nytimes.com/2006/09/24/weekinreview/24hakim.html

http://www.nytimes.com/2006/09/24/business/yourmoney/24view.html

http://www.nytimes.com/2006/09/23/business/23five.html