Economic Principles


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  • It's called profit, little miss Annie!
  • WOW! Your horses have such amazing manes, how do you care for them so well?
  • In the horse back riding fee, I charge those for food and water for my horses. I always make sure to charge a little more than total for their food and water though!
  • Isn't that wrong, Mr. Welch:?
  • Well, no Annie, it's not. You see my business is to teach people how to ride horses. Horses have needs just as well as people, needs like food and water which is basically what I charge when i teach someone how to ride a horse.
  • Do you ever get any money Mr. Welch?
  • Well, yes. That's another way I pay for all of this land! By making profit off of not only the foods I grow but also for the services I offer, including horseback riding!
  • Oh now I understand! You charge a little extra money not only to keep your business going but also to help pay for your needs and wants!
  • For my horses needs too!
  • Thank you for coming to Mr. Welch's farm!
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