business storyboard 1

business storyboard 1

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  • Hey Amy! Can you help me understand the US Economic System?
  • Sure! The U.S. economic system is based on four principles: Private property, freedom of choice, profit and competition
  • Can you explain each one in detail?
  •  Private Property is having  the right to use, dispose own and things that you want. 
  • Profit is money made from the sales of companies
  • Oh so it is the money left over!
  • Independently making economic decisions is having the freedom of choice  
  • But sometimes there are consequences, but I guess the the economy in not resposible
  • Competition is rivalry between businesses to sell goods and services
  • Everyone wants to make the most money!
  • That's all! I hope I helped!
  • WOW! Thanks!
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