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Pros and Cons of Capitalism
Updated: 5/8/2020
Pros and Cons of Capitalism
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Storyboard Text

  • How much are your magazines?
  • My magazines are $10 each because I make them myself!
  • Wow! That's pretty cool to make them... But $10 is a lot of money! Can I pay $5 instead?
  • Nah, man. I'm selling these for $10. You can go to the stand across the street if you want something cheaper.
  • Lets see if I can find something cheaper...
  • One positive thing about Capitalism is that consumers (people who are spending their money) can choose how much money they want to spend!
  • I know we are going to make so much money when we release this new iPhone in September!
  • Consumers can go to different stores to find the best price and spend less money.
  • For sure! We have to make sure we beat Samsung. Let's increase the prices of our phones.
  • Once the consumer finds the best price, they can then purchase the product they are looking for.
  • Let's make each iPhone $1,000. People will buy it! That way, we can beat our competition.
  • One positive AND negative thing about Capitalism is that it creates competition.
  • Competition allows companies to make new products which is exciting!
  • However, it also allows companies increase their prices for their products which makes the consumer spend more money.
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