Questions About Remote Learning?

business 2
Updated: 10/20/2020
business 2
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Storyboard Text

  • Hey John, have you ever wondered what kind of economic system we live in?
  • I've been learning about those in school, but I would love to learn more about them!
  • Oh, I remember this now! With the right to private property, you can own, use and dispose of things of value.
  • Well, our mixed economic system there are four different important principles.
  • Very good! There is also freedom of choice, where you can make your own economic decisions, like the lunch we just bought.
  • Wow. That is really cool!
  • Yeah, and profit is also a very important part of our economy, and helps it to get stronger.
  • Oh yeah, my dad always talks about that one when he comes home from work!
  • Yeah! Well the final one I learned about is competition!
  • Oh yeah isn't that a rivalry among business to sell their goods and services to buyers?
  • Yeah I guess so! Well this is my stop. Thank you for walking me. I'm glad I could learn more about the U.S. economic situation.
  • Yep. It is. Wow it seems like you know a lot more about this than you thought!
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