4 Economic Systems

4 Economic Systems

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Storyboard Description

By Matt Squillario and Preston Vassar

Storyboard Text

  • How many economic systems are there?
  • Bruh, there are 4.
  • What is this place? Where's all the food? 
  • This is a traditional economy. So we hunt for our food and mostly everything we do is passed down from family like traditions and beliefs , like eating chicken every friday at the neighbors house.
  • Where did we go now??
  • People have very little freedom in a command economy.
  • This is a command economy. In a command economy, the government decides how resources are used and what goods and services are produces.
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