US Economic System
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Wow this homework on the US Economic System is really difficult.
Hi honey. Did you want me to help you?
First is private property which is just you being able to own your own things like a house.
Okay! Got it!
Then there is profit. Profit is the money you make from selling good or services
Next is freedom of choice which tells you that you can do anything with your valuables like sell them.
Alright, that makes sense!
Finally there is competition! Where multiple people can sell they're goods to the same people so they are in competition with each other.
Wow, that's amazing. Thank you, mother! I understand it now!
Wow, I am so happy my mother was able to help me!
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