Economy
Storyboard Text
- Market economy
- I'm so grateful that I finally worked up all the money to buy my restaurant business! But, I have no business because everyone is going to the restaurant down the street.
- It will take time. Once your restaurant starts booming, you will be making lots of money.
- Cons: UnemploymentPros: High efficiency, fair competition, and opportunity to have high salary
- Command economy
- What an easy day of work. I can't believe I get paid to sit around and do mostly nothing!
- I have to work hard all day and save lives as a doctor. It's not fair that I get paid the same as someone who doesn't put as much effort as I do on a daily basis.
- Pros:Everyone is equal and gets paid the same, no competition.Cons: Leads to bad working efficiency and no personal freedom.
- Although FedEx is it's own company, the government handles mail and the US Postal Service which is a part of the United States Federal Government.
- Mixed EconomyPros: Independence and the government can step in if they need to with supply and demand laws.Cons: Unequal income, heavy taxation and government regulation
- FedEx
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