What is the economy all about?
This storyboard does not have a description.
The big decisions for companies are made by their executives but these key decisions can be influenced by the rational consumer.
The consumer can influence the economy by purchases. Supply and demand is a prime example of such a way that the consumer can influence the economy.
As long as the economy is doing well, mostly everyone will have a job and also have money to spend on their wants and their needs.
Every economy should have competition between companies so that one company cannot have a monopoly.
There are multiple types of economies that can be described. The one described above is a market economy.
In some countries, (mostly communist ones) the government has full control over all economical decisions. This is called a command economy.
Explore Our Articles and Examples
Try Our Other Websites!
Photos for Class
– Search for School-Safe, Creative Commons Photos (It Even Cites for You!
– Easily Make and Share Great-Looking Rubrics
– Create Custom Nursery Art