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- The Grand Tour
- Im going on a very wild adventure around the world to see different economys
- I cant wait to visit my family I haven't seen them in so Long.
- Travel tour begins
- Man I cant wait to visit Cuba, the weather seems perfect there. Researching their economy seems like the perfect idea
- Cuba conflict
- You're telling me you cant sell me that car?
- No Im sorry the government wont let me
- Timothy has just won a raffle ticket to go see different parts of the world and all expenses are paid for. Now hes going to the airport to learn about the different econmomys such as Command, Market, Traditional, and Mixed economy.
- Around to Zimbabwe
- Yup. In Zimbabwe its a traditional things will always stay the same. Culture plays a big part in this
- As the plane takes off Timothy expresses his excitement over his free tickets around the world to study different economies. The family to his left is also thrilled to see their family. As timothy sits back in his chair he begins to dream about how fun his trip will be.
- Last Stop
- Man, I cant wait to go home. But the U.K doesn't seem much different from the US
- While in Cuba Timothy struggles to get a rental car because of the Command economy. A Command economy is an economy where the government controls what can be bought and sold. This is why Timothy cannot buy this car because the government is focusing on other cars.
- Final Destination
- So happy to be home finally I didn't realize how much different the U.S economy is then everyone else.
- A traditional economy is where it heavily relied on its own customs and helps distribution also.
- My good there is not very many options are there
- As timothy begins to get homesick his friend explains to him the difference between Market and Mixed. A market economy is where the people of the country own and distribute resources.
- Well the U.K is market and U.S is mixed.
- As Timothy got home he was able to compare the different economies and how the U.S is different from other places. For example, the U.S has a mixed economy which has parts of command and market. has government regulations but also has the will to sell anything.
- Me too I didn't think mixed was that much different.
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