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Updated: 9/30/2020
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Storyboard Description


Storyboard Text

  • traditional economy
  • Traditional enconmy 3 questions.
  • 1.what to produce?2. how to produce it?3.whom to produce it for?
  • how does traditional economy answer the three questions.
  • Free market
  • ill supply your family with milk if you take my kid to school.
  • deal!
  • traditional enconomy fishes and farm.
  • free market 3 questions
  • 1.what to produce ? to produce?3.for whom to prodcue?
  • by distributing resources and goods through market.
  • comand economy
  • free market is were it could be a good or want.
  • 3 questions.
  • 1.what to to produce.3.whom to produce for.
  • by allocating resources and goods through markets..
  • goverment decides.
  • by allocating resources and goods through markets, where prices are generated.
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