Tara Magee - U.S. Economic System

Tara Magee - U.S. Economic System
  Copy


More Options: Make a Folding Card




Storyboard Description

This storyboard does not have a description.

Storyboard Text

  • Sure Marcus! Let's talk about it over lunch.
  • Hey Melissa, do you know the principles of the U.S. Economic system? I have a test tomorrow!
  • The first principle is private property. This allows you to own, use, or get rid of anything of value. Like your phone, or even your house!
  • Okay, that makes sense!
  • The next principle would be freedom of choice.  This means you have the right to make your own economic decisions, but you must be prepared for any possible consequences.
  • The third principle is profit. Profit is the money left after subtracting all of the operating costs. It helps the economy get strong!
  • Finally, the last principle is competition, or the rivalry among businesses. They all want to sell the most to buyers. It improves quality and keeps prices reasonable!
  • It makes so much more sense now, thank you Melissa! Bye!
  • Those are the four principles of the U.S. Economic System. I hope I helped, and good luck on your test!
Explore Our Articles and Examples

Business Resources

All Business ArticlesBusiness Templates

Film Resources

Film ResourcesVideo Marketing

Illustrated Guides

BusinessEducation
Try Our Other Websites!

Photos for Class   •   Quick Rubric   •   abcBABYart   •   Storyboard That's TpT Store