Economic Systems Project

Economic Systems Project

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  • Wow! You really came here from North Korea, well grab whatever you want!
  • Well what I meant is that you can buy whatever you want or sell whatever you want.
  • Really?! That's amazing! I wish North Korea had those same values.
  • Huh? What do you mean?
  • Don't get me wrong though, I just lost my job recently and I haven't been able to find one in 3 weeks. If only we were all offered a job 
  • I'm sorry to hear that but, aren't you guys offered jobs? In North Korea we're all offered jobs. I appreciate that my country helps us out.
  • Well here in the U.S. it's basically who can get a job and who can't. At least if your business is going well you can open up another business branch.
  • Well yeah, since we know what consumers want, we can sell what they demand and make profit
  • That sounds wonderful. In North Korea, everyone is payed the same amount no matter how many years of experience you have. However, sometimes we don't have that much food to choose from in stores.I have a question though, how does your economy work? Like who chooses what to produce, how to produce it, and for whom to produce it?
  • I'm assuming that you guys must do well in business then since you can sell whatever you want?
  • Well us as the people choose what to produce. We decide how we want to produce to it and we decide for whom to produce to by the demand that people tell us as consumers.
  • Wow! You guys are very lucky to be able to choose what to produce, how to produce it, and for whom. In my country, the government tells us what to make, how we should make it, and for who we should make it. The government basically controls everything.
  • Are you and your family at least living well over there?
  • Oh yeah! Like I said before, since the government provides a job for all of us, I at least have a job to support my family.
  • That's good then, you guys have equality in the work field and have the guarantee that everyone gets a job.
  • Yeah and you guys can buy or sell whatever you guys want and can open up another business if everything is going well.
  • Oh okay. It was nice talking with you too. Hope you have a safe trip back home.
  • Okay well, I have to go now, I have to catch the bus in order to catch my flight and go back home. It was nice talking to you.
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