HUMANITIESp2

Zdrs: 1
We had some doubts regarding your idea about the lemonade stand.
Finally!! We found you Econ! We searched everywhere for you.
YIPPEEE I AM SAVED!!!
Zdrs: 2
Well where will we create the stand? Who will create the lemonade? Who will help us sell the lemonade?
Who is going to manage the money? Who will be in charge of the entire project?
Ok now tell me your doubts kiddos!
Well I only have answer for one of your questions. You can create the stand opposite the cricket ground because it would be very convenient for people to come and drink lemonade after a hot game under the sun. However to answer the rest of your questions I have a suggestion to offer you'll. Do you'll want to have a command economic system for you project or a market economic system?
Zdrs: 3
What are those?
In simple words in a command economy, someone would ideally tell you where to sell the lemonade, how much lemonade to make, and even how much to charge. Like a parent setting rules. In a market economy, you decide everything. You choose where to sell it, you make the lemonade, you set prices, and even manage money.

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