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- Look I know is not an amazingly fun topic but it exists so I'ma cover it.
- Hello everyone, I'm here to tell you about economics.
- Our first topic is wants VS needs.
- and a need is something like water. Cuz if you don't have it you'll end up like me, dead.
- A want is something like what you living people call the latest Iphone.
- Number two, economic systems.
- Traditional is based on goods, work, and services. Command is based off commands by the government.
- There are four main types of economic systems traditional economies, command economies, mixed economies, and market economies.
- Market is for those with less government. Mixed is well a mix of Command and Market.
- Welcome to life tips and random topics from a ghost. (What is the economy all about)
- Okay our third and nearing the end topic is supply and demand.
- 1. Wants and needs.
- Kinda going back to our second topic a business cycle or cycles are the cycling of the four economic types Traditional, Command, Market, and Mixed.
- Then finally our fourth subject, business cycles.
- 2. Economic systems.
- *sigh* that was more painful than getting hit by that truck.
- Anyway with all of that out of the way, that wraps up the topic for today. Join me next time for more life tips and random topics from a ghost.
- 3. Supply and demand.
- It's pretty simple actually, supply is how much of a product a company has. For example how many Playstaitons Sony has.
- And demand is how may products the consumers/customers want. Like once it launched the ps5 was a very high demand product.
- 4. Business cycles.
- Ghosts conclusion.
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