The Types of Economy

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The Types of Economy
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  • Ugh. I wish I didnt have to work this stupid job I don't enjoy just to make barely enough money to live.
  • zzz...
  • I I I I I
  • Hmmmm....What do I want to do?
  • Bobby works at a fast food establishment in the city of Ohio. He makes little income and is very unhappy at his early age of 23. He majored finance in college ad had dreams of starting his own business. But after his girlfriend of 6 years dumped him, he became depressed and let himself go.
  • As Bobby slept that night, he thought about his old dreams of becoming an entrepeneur of his own business and making bank.
  • As Bobby walked to the barber shop the next day, he thought about how he would make money. Since he lives in the US, a country of Capitalism, he has the freedom to choose whatever he wants his business to be and how he wants to run it.
  • After Bobby left the barber shop, he decided he needs some new clothes. After coming up with the idea of selling mens underwear, he realized he needs a lot of stuf first. Like a building, material, and eventually, he'll have a lot of stock. All of this is his private property, and whatever he intends to sell belongs to him and no one else can rightfully take, own, or sell his property without his authority.
  • After he purchased a small building and began manufacturing some supply, he begins to learn about the competition in the area. Other small businesses just like his and some that are bigger are competing to control the economy in the area. He begins to wonder if Bobby's Boxers Briefs will be able to come out on top.
  • But in the end, the men's desire for premium and comfortable underwear prevailed, and Bobby's business trampled the others. He earned lots of profit, the biggest part of capitalism. Making money that he earned is the rewarding part. He did everything required to make profit fromk his own business and that's the important part aboout capitalism. It was Bobby's business, not the government's.
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