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Unknown Story

Storyboard Text

  • For whom to produce the tribe or family group.
  • traditional economy
  • How to produce farming, hunting, fishing, herding, and gathering
  • What to produce, farming, hunting, fishing, herding, and gathering
  • For whom to produce, the government
  • Command economy
  • How to produce, production is decided by government agencies, who decide the most socially efficient goods to produce.
  • What to produce, The government decides the means of production and owns the industries that produce goods and services for the public.
  • How to produce, a government intervenes to disrupt free markets by introducing state-owned enterprises
  • Mixed economy
  • What to produce ,some free-market elements and some socialistic elements
  • For whom to produce, goods and services are produced and how they are distributed.
  • How to produce,the producer gets to decide what to produce, how much to produce, what to charge customers for those goods, and what to pay employees.
  • For whom to produce,businesses responding to the wants and desires of consumers.
  • Market economy
  • what to produce, , the wants of the consumers and the profit motive of the producers will decide what will be produced
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