Italy has a mixed economy, both buisnesses and government are involved.
People and companies are allowed to own and run their own buisnesses
The government helps out with things like transportation and energy.
Italy uses the currency Euro and are part of the European Union and NATO.
Done
Italy's Top exports
Medicine and healthcare
Machines and factory equipment
Food and drinks
Clothes, leather goods
Done
Oil and gas
Metals like steel and copper
Cars and car parts
Import #1
Import #5
Import #3
Chemicals and plastics
Machines and electronics
Import #4
Import #2
Italy's Top Imports
Done
Facts!
Italy is the 8th largest economy in the world.
It is one of the biggest wine makers on Earth.
They have a lot of tourism, people visit Rome, Venice, and Florence.
Most Italian businesses are small or family-owned.
Northern Italy is richer and more industrial, while the South is more rural and has fewer jobs.
Italy is a parliamentary republic which means it has a president and prime minister.
It’s part of the European Union.
The government helps pay for farming and clean energy.
Italy has a lot of debt which means they owe more money than they make.
CONTINUE
Supply Shift: Olive Oil Production in Italy
Italy’s olive oil exports grew by 45% in 2024, so the supply shifts right and increases. The curve shifts right because it becomes easier and cheaper to make a product which can be caused by an improvement in technology, and lower production costs. Italy’s supply increase lowers unit costs and increases exports. This leads Italy export more globally.
CONTINUE
The US announced tariffs of around %91 on Italian pasta brands starting January 2026. This would reduce demand by US consumers because price to them will go up. This causes the demand curve to shift left and decrease because tarrifs act like a higher cost which makes the quantity decrease.
The Economy of italy
ScorpioSk8er
Created on October 21, 2025
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Transcript
The Economy of italy
Let's go!
Continue
Italy's economic system
Done
Italy's Top exports
Medicine and healthcare
Machines and factory equipment
Food and drinks
Clothes, leather goods
Done
Oil and gas
Metals like steel and copper
Cars and car parts
Import #1
Import #5
Import #3
Chemicals and plastics
Machines and electronics
Import #4
Import #2
Italy's Top Imports
Done
Facts!
CONTINUE
Supply Shift: Olive Oil Production in Italy
Italy’s olive oil exports grew by 45% in 2024, so the supply shifts right and increases. The curve shifts right because it becomes easier and cheaper to make a product which can be caused by an improvement in technology, and lower production costs. Italy’s supply increase lowers unit costs and increases exports. This leads Italy export more globally.
CONTINUE
The US announced tariffs of around %91 on Italian pasta brands starting January 2026. This would reduce demand by US consumers because price to them will go up. This causes the demand curve to shift left and decrease because tarrifs act like a higher cost which makes the quantity decrease.
Demand Shift: Italy’s Pasta Exports to the U.S.
CONTINUE
Thank you!