Economic system project

Economic system project
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  • Yes I can!
  • Hey! Can anyone help me with the different types of economy's in the US?
  • Private property is something you can own and use or dispose of things of value that you own.
  • What is private property?
  • Freedom of choice is when you can make economic decisions yourself and must accept the consequences of the decision.
  • Thanks! Now what is freedom of choice
  • Profit is the total amount of money earned after all the sales after subracting all operating cost.
  • Oh wow! What is Profit?
  • Competition is the rivalry between other businesses to sell goods.
  • Wow! What is Competition?
  • Awesome! Thank you so much.
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