What is economy all about?

What is economy all about?
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  • You do not need a cookie, that is a want you have and you will survive without one!!!
  • I want a cookie really bad!!!!!!!!!
  • Our sales have been going through the ROOF!!!!!
  • Well that is what happens when you are in the peak of the cycle!!!!!!
  • Why is business so horrible!!
  • Well, we are in the recession of the cycle. Sales are going to lower as well as employment rates.
  • This is about the wants and needs of society. Bob really wants a cookie but Joe told him it is not necessary for survival.
  • How many slices of pizza can you supply at a price of $1.45?
  • We are willing to supply 1300 pizza slices for that price demand.
  • This is the peak of  the business cycle and all is going well with the society.
  • I will Mom!!!!!
  • You should work here because our family has been forever!!!
  • This is the Recession of the business cycle which means the sales are falling from their peak.
  • How much money should be distributed per person working in the economy?
  • Meanwhile in the government...........
  • We should give them $60,000 a year for their job
  • Supply and Demand is vital in a business. The less price you have for something the more demand you have and then you will need a big supply
  • This is what a Traditional economy looks like. Since the family has done it for a longtime, Jonathon should work at the restaurant.
  • This is what a command economy looks like because all of the decisions are being made by the government.
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