Unknown Story
Snemalna Knjiga Besedilo
- What is the ecconomy all about
- I would like to start a bussiness but don't know hoe the ecconomy works.
- Can you explain what each of those are?
- I have to run some errands but` my good friends would be glad to explain them for you.
- Our ecconomy is made up of four crucial points: Buissnes cycles, Wants and Needs, Supply and demand and types of ecconomic cycles.
- Buissnes cycles
- No way, Are you Eliot musk.
- Expansion is when a buissnes's sales are up they have employees. Peak is the company's best area, Sales are high unemployment is down and they are at an equilipreum. Contraction is when the buisness is going down sales are low and people are quitting. The trought is when the lowest point, less employess less sales less money.
- I still don't get it.
- Yes I am. I heard that you are here to learn about bussiness cycles? Anyway the Four cycles are: Expansion, Peak, Contraction and Trough
- Wants and Needs
- Hello. And Yes I can teach you about wants and needs. A want is something you can live without like new phones, gaming devices and classy furniture. A need is something that you can't live without. Such as, food, water and shelter
- Thank you miss.
- Hello there. Iv'e been told that you can teach me about wants and Needs?
- This young man wants to start a bussines but has no idea what the economy is. The older bussines owner is telling him the four points of ecconomy.
- Supply and demand
- Can you tell me what supp\ly and demand are?
- Eliot Musk is explaining the four stages of a bussiness cycle, Expansion, peak, Contraction and trought.
- Types of ecconomies
- I heard that you need to learn about the four types of ecconomies? Anyway I'm still going to explain it to you. Traditional is when people trade goods for goods, servcices for goods, In sort it's bartering. The command market is when the Government controls everything they control what you buy and sell, This can be described as communism. In a marjet ecconomy you can buy or sell anything. In a mixed market you can but anything you want but the Government puts restrictions on certain things like drugs or weapons. Our country is a mixed ecconomy.
- The young lady teaches the young man about Wants and needs and gives examples of each of them.
- Conclussion
- Are you ready to start your bussines now?
- The Store owner explains what Supply and demand are. As well as shortage surplus and equilibruim
- But there's more. A surplus is when you have more product than people wanting it. A shortage is when you don;t have enough of a product. And then theres an equilibruim, which is when supply and demand are at a balance you have the correct amount of product for the amount of people that want it.
- Of course. Supply is the ammount of product that you have and demand is the amount of people that want your product.
- The old man explains the four ecconomic types.
- The young man is ready to start his bussines.
- Yes. And thank you and your friends for teaching me on how the ecconomy works.
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