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- Hmm.. how can I study for this test I don't remember a thing?
- Excuse me young man I think I can help you study better with your test.
- So with private property does it mean the fact of just owning your own stuff?
- Well, in the way of economy Private property stands for something that, let's say my tie I own it but if I don't want it anymore I can just throw it away. Kind of like that.
- So if that's what private property means I assume A freedom of choice would be somewhat the same at least that's kind of what it says here, but it also says a person has a freedom to be and choose what they want in life.
- Hey man I need your lookout on this, what do you consider a profit to be?
- Well in the way I see it profit can mean a financial benefit, buying things, paying for items, or really any type of exchange of currency.
- Alright boys! Good practice we have a tough game coming up and I know y'all haven't had a great season but this will be some tough competition and you will have to know what it is, for you boys it's the rivalry between one another.
- Alright after talking to the library teacher, my friend, studying, and practice, I think I'm ready to ace this exam and learn more about economics!
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