Rick Quarles

Lyrics

ECONOMICS BREAKDOWN
Copyright 2009 Rick Quarles

Economics is about choices__ by you and me____
Goods and services in demand__ a problem’s there you see__
Our wants are unlimited__ but just so much is there to be__
When there’s a limited supply __ it’s called scarcity__

Three questions need answers__ for economies today__
What to produce? _ How to produce? __ find a way__
Who consumes goods and services? __ will have their say__
For a country’s economy__ to be healthy and stay__

[CHORUS]
Yea__ don’t you know __it’s the economics breakdown__
Now__ don’t you know __you can hear it in this song__
Yea_ don’t you know __ Sing the economics breakdown___
Sometimes things go well__ and sometimes things go wrong__
Yea__ don’t you know __it’s the economics breakdown__
Now__ don’t you know __you can learn it in this song__
Yea_ don’t you know __ Dance to that economics breakdown___
The economy keeps going up and down__ and round and round__

[BRIDGE]
The total value of goods and services__ called GDP__
Gross Domestic Product__ shows health of a country’s economy__
The voluntary exchange of goods and services__ that’s called trade___
But barriers like tariffs, embargoes, and quotas can be made__

Traditional, command, market __ are three economies__
Traditional is how culture’s done it_ in a country’s history___
In command the government sets __ production and prices by decree__
In a market businesses operate__ private ownership and free___

A blend of all __ makes a mixed economy in many ways__
On a scale of command to market__ all may stray__
Some more command__ some more market is where they lay__
Degrees may change__ by government policies day to day__

[CHORUS]
Yea__ don’t you know __it’s the economics breakdown__
Now__ don’t you know __you can hear it in this song__
Yea_ don’t you know __ Sing the economics breakdown___
Sometimes things go well__ and sometimes things go wrong__
Yea__ don’t you know __it’s the economics breakdown__
Now__ don’t you know __you can learn it in this song__
Yea_ don’t you know __ Dance to that economics breakdown___
The economy keeps going up and down__ and round and round__

[BRIDGE]
Natural resources are gifts of nature_ helps a country out__
But human resources are needed __ education and skills are important, no doubt_
Capital resources like machines and equipment__ are hard to do without__
Entrepreneurs start and run businesses__ they’re people with business clout__

When things get bad__ it’s known as a recession__
When things get worse__ they call it a depression___
Sometimes we don’t always__ seem to learn our lesson__
Some things in the economy__ that we should be a messin’__

Why don’t you try something new and with a different kind of bailout chance____
Just move your feet and do a funky economic stimulation break dance__

[OUT]
Learn about the economy__ cause the more you know__
Then you can do your part__ to help it grow___
Now__ you should really know all the facts the best__
And maybe you’ll do well__ on an economics test__