Market Failure

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Storyboard Text

  • Mom I'm never going to stop running this!
  • LEMONADE STAND $1 PER CUP
  • I'm so proud of you honey!
  • Honey aren't you going to run the stand?
  • LEM NADE STAND $1 PER CUP
  • Market Failure:
  • Mom. No.
  • Hey honey. . .
  • A Situation in which a market left on its own fails to allocate resources efficiently.
  • LEM NADE S AND $1 P R CUP
  • Mom! No, I think I've outgrown it a little. . .
  • Today sweetie I'm going to hire you to help Daddy to clean the house!
  • Your Mom just called she wants me *ahm* I mean you to clean the basement
  • Business Cycle:
  • Fluctuations in economic activity, such as employment and production.
  • Daddy I finished all the chores. My pay please. . .
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