Jail 2

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  • But this is an example of a mixed economy because if we get caught selling stuff we would get in trouble but we also make the economy like Canada. Another type of economy is market like USA.
  • There are also the 4 principles of capitalism Profit, Freedom of Choice, Competition, an private property .Profit is to money left from sales after operating cost of business have been paid. Freedom of choice is to make decisions and accept the consequences of those decisions.
  • Competition is rivalry among businesses to sell which entourages improved products and practices and lower prices. And lastly Private property is to own , use, or dispose of things of value.
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