economics
Updated: 2/10/2020
economics
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Storyboard Text

  • Hello human I come in peace
  • Welcome to earth let me show you around
  • Here on earth we have whats called an economic system. Thats all about money
  • But here in America we have whats called a mixed economy that means that we use private and public enterprises
  • I wonder where all this money stuff is held?
  • But sometimes a lot of people need things but we can't get them, this is called scarcity
  • This is a bank, we use banks to store our money and keep it safe
  • This is allinteresting but is mixed economy theonly type of economy?
  • Why are we at a "store"?
  • Why this is a perfect example of a Market Economy. It is run by a privately owned business and theprices are usually determined bythis private company Click To EditWhy this is a perfect example of a Market economy Help Insert ParagraphUndoes the last commandRedoes the last commandTabUntabSet a bold styleSet a italic styleSet a underline styleSet a strikethrough styleClean a styleSet left alignSet center alignSet right alignSet full alignToggle unordered listToggle ordered listOutdent on current paragraphIndent on current paragraphChange current block's format as a paragraph(P tag)Change current block's format as H1Change current block's format as H2Change current block's format as H3Change current block's format as H4Change current block's format as H5Change current block's format as H6Insert horizontal rulelinkDialog.show Summernote 0.8.11 · Project · Issues
  • This would be considered a Traditional economy.In a Traditional economythere is usually a motif to hunt and catch food this is called a incentive Click To EditOut here this would be considered a Help Insert ParagraphUndoes the last commandRedoes the last commandTabUntabSet a bold styleSet a italic styleSet a underline styleSet a strikethrough styleClean a styleSet left alignSet center alignSet right alignSet full alignToggle unordered listToggle ordered listOutdent on current paragraphIndent on current paragraphChange current block's format as a paragraph(P tag)Change current block's format as H1Change current block's format as H2Change current block's format as H3Change current block's format as H4Change current block's format as H5Change current block's format as H6Insert horizontal rulelinkDialog.show Summernote 0.8.11 · Project · Issues
  • Also they have nospecific form ofcurrency
  • Interesting
  • There is only one other type of economy calledCommand economy. This one its all run by the government
  • Oh theres also this thing called an Opportunity cost. That's bascially the cost of making a decision Click To EditOh there's also this thing called a Opportunity cost. That's basical Help Insert ParagraphUndoes the last commandRedoes the last commandTabUntabSet a bold styleSet a italic styleSet a underline styleSet a strikethrough styleClean a styleSet left alignSet center alignSet right alignSet full alignToggle unordered listToggle ordered listOutdent on current paragraphIndent on current paragraphChange current block's format as a paragraph(P tag)Change current block's format as H1Change current block's format as H2Change current block's format as H3Change current block's format as H4Change current block's format as H5Change current block's format as H6Insert horizontal rulelinkDialog.show Summernote 0.8.11 · Project · Issues
  • Wow that's all sointeresting but my time here is limited I better go
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