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Unknown Story
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- Fall Break
- I can't wait to have the best over fall break with my friends!
- Day One: The Coffee Shop
- This is my favorite coffee shop in town!
- Mine too! Not only do they have the best coffee but also various foodoptions; talking about food, what do you want to eat?
- Day Two: The Movies
- OMG! that popcorn was so expensive
- Yeah, $10:50 for a medium is pretty bad
- What a rip off
- This is Clair, currently, Clair is going to her last day of school before fall breaks start. Clair is excited to spend her fall break having the best time with her friends.
- Day Three: The Mall
- Why where there so many people at Finish Line
- Yeah! There were a bunch of people outside of Famous Footwear too
- Clair and her friend go to Paccos, the best coffee shop in town. Passos has the best coffee but also has various different food options to choose from. Here, Clair and her friend come across one of the four principles of Capitalism: freedom of choice, which is an individual's opportunity to perform an action selected from at least two available options, unconstrained by external parties. This principle is beneficial becauseEntrepreneurs are free to get and use resources and use them to produce goods and services. They are free to sell these goods and services in markets of their choice and consumers have the freedom to choose what they want.
- Day Four: Pool Party
- You have a very cool house, but can anyone use your pool
- Thanks!
- woah!
- On the second day of fall break, Clair and a few of her friends go to a theater, where she notices another principle of Capitalism: profit. Clair notices that medium-size of popcorn was $10:50, which is very expensive compared to a lot of other places. Aprofit is a financial gain, especially the difference between the amount earned and the amount spent in buying, operating, or producing something. This principle is beneficial because earninga profit;allows you to open other business locations, acquire another business, target other markets, and expand your operations.
- Last Day
- This week was soo much fun! I had the best time and I can't wait to do it again.
- The next day Clair went to the mall with her best friend Emma where she experiences the third form of the Principes of Capitalism: competition. The mall was so crowded with a lot of people outsides stores. Competition isthe contest between organizations that provide similar products or services or that target the same audience of consumers. This principle is beneficial becauseCompetition pushes individuals, firms, and markets to make the best use of their resources and to think outside the box to develop new ways of doing business and winning customers.
- Last day of fall break, Clair goes to a pool party at Mike's house. Mike has a huge pool, but Clair was wondering if anyone can come to use his pool. Mike told Clair that random people can't come to use his pool because it's private property. This is the last of the four principles of capitalism.Private property is;property that is owned by an individual or group of individuals rather than by the government or society at large.Private property;promotes efficiency by giving the owner of resources an incentive to maximize value. More valuable a resource, the more trading power it provides the owner of the resource.
- Clair had a lot of fun with her friends over fall break. She learned a lot of new things while having fun. She can't wait for winter break!
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