Economy Internal Assessment
Economic Commentary number:
Tile of Extract: Haiti quake toll rise to 230,000
Source of Extract: BBC News
Date of Extract: 2010/02/11
Word Count:
Date of the Commentary was written: 10/3/2011
Section of syllabus to which the Commentary relates:
Candidate Name
Candidate No.
IN JANUARY last year, the quake causes the 2004 Asian tsunami, which kill 250,000 people and 300,000 injured. People were living under sheeting strung across wooden poles. There were too many vulnerable homeless people that aid agency can’t fit them in tens. People are trapped in supermarkets, debris and so on. I feel really sorry for them and I hope casualty’s family can be rest in peace.
First of all, there will be a change in Haiti’s economy because there’s a huge effect of Haiti’s production. Haiti lost 250,000 people and 300,000 people were injured. They lost loads of labor and enterprise just because of this. Labor are human resources providing power to make goods and services Enterprise is a firm is an owner of a factory or company e.g. Nike, Apple. Capitals such as Houses, hospitals and factories were destroyed. Capital is man made resources that use for production. Many animals got kill by this earthquake and tsunami and destroyed timbers there’s loss of land. Land is natural resources that can’t add by human. Clearly, Haiti’s production is decreasing. In this case, we can use a PPF to explain the situation. PPF is a curve that shows the combinations of 2 or more goods that can be produced using all available resources. Here’s the PPF of Haiti before tsunami.
