intro. to business
Storyboard Text
- In this presentation the store worker is going to explain what the different parts of the economy and how important they are.
- Helllo. Let me tell you about the Economy!
- Sure, I would love to know about the Economy.
- In this cell the store worker explaisn the difference between a want and a need using food and a computer as examples.
- A need is something like food because you survive on it and you need it evry day
- Business cycles are trends in a business and it shows if they are doing good or if they are not doing so well.
- Wants vs. Needs. Wants are something like a computer because people dont exactly need it.
- The storeworker is eexplaining some of what the different economies are and how they work.
- In our country we use traditional economy. This means everything depends on the suppply and demand, this is also true with the other economies. But sometimes the government controls what is needed vs. what is not
- In the world there are different types of economies. There are Market, Mixed, Comand, and Traditional economies.
- The store worker is explaining how supply and demand need each other to thrive.
- When the demand is high and the supply is low, then the supplier will run out of it wvey quickly, this is because demand relies on supply and supply relies on demand.
- When you are buying something and it is out of stcok, that means that the supplier ran out of the supply.
- The store worker is explaining to the customer about how business cycles work and how they effect the business.
- For example, my business is doing good right now but earlier when I started it, it was not doing so well as you can see from the chart. It just shows trends in the business.
- Now the store worker siad his conclusion about what he knows about the economy and the customer now is going to research about it some more.
- That is what I know about eh Economy.
- Thank you for teaching a little about the Economy!
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