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  • 1: so lets start with the basic, name the economical systems. 3: Its clear to me that so far you aren't the best fit for the job, go back school and come back later
  • 2: I'm not so familiar with the economical systems, I didn't really study it in school. 4: okay, thank you anyway
  • I knew I should've studied more
  • wants, something you want to satisfy yourself. need, something you need to live
  • the differences between wants and needs, a want is something you want, could be for entertainment etc. but a need is something you need to live
  • Tom is applying for a job he needs to know what the basic business topics are, Tom doesn't know them so he needs to go back to school and study so he can get the job.
  • Tom is walking home in disappointment cause he didn't get the job.
  • i can tell places like china have a problem with supply and demand because some stores are low on goods and most store over stocked and are trying to sell them quick
  • Step 1 to getting closer to the job, is the knowledge of wants and needs.
  • so far learning the business cycle and my daily schedule is pretty easy
  • Step 2: tom goes back to college to learn from a professional, toms first class is on the types of economic systems
  • Tom goes to china we there are some supply and demand problems, Tom already knew what supply and demand were but he went to china to really get a feel of the life style.
  • Tom decides to go out into the real world and run through his business cycle to see what it would feel like if he got the job and how it would effect his schedule.
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