Context Note
Economies change over time due to factors such as technology, demographics, productivity, and global trade. Experts study long-term trends to understand how wealth, jobs, prices, and investment patterns might shift in the future. Knowing these trends can help people, businesses, and governments make better decisions in a changing economic world.
Speaking Practice
- What is the video about?
- What long-term economic trend do you think has the biggest impact on everyday life?
- How might advancements in technology change jobs and industries over the next decade?
- Do aging populations affect a country’s economy? Why or why not?
- If you could predict one major economic change in the future, what would it be and why?
Writing Practice
Write about an economic trend you believe will be important in the future and how it could affect people’s work, spending, or lifestyle. Explain your reasoning with examples.