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- What is the economy all about?
- Hello, Wellcome to the econamy.
- What is the econamny...?
- Type of Economic Systems
- What are the diffrent types of economic systems?
- There are four diffrent economic systems., The troditional system, command system, the market and the mexied system
- Wants and Needs
- I really need something from this vending matchne
- Are you sure thats a need? Or is that something you want
- The economy is the offering of the best value for money.
- Supply and Demand
- How mcuh is it to get in?
- $35. The supply and demand is high right now
- The economic system is where companies distribute goods, needs, and wants throughout the country.
- Business Cycles
- What are we here for?
- We are here to check out the buisness cycle of Mcdonalds.
- A want is something that someone can use but can live without. A need is something someone has to have to life or something to help make their lives easier.
- Conclusion
- Thats all about how the econmany works.
- Thank you so much for helping me undertand how the econmay works.
- Supply and demand are an inverse relationship. As the supply goes up the demand goes down. The more people buy it the higher the price goes, as the price gets higher less people to want to go because it is getting expensive.
- A business cycle is a timeline of the economic activities occurring throughout the company. It shows the peak of the company, which is the time it was the highest, the through which is the time the economy was the lowest, and it shows the recovery where the economy starts going back up again.
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