Economics Systems Project: Storyboard

Economics Systems Project: Storyboard
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  • Hello, my name is Ethan and l come from a command economy.
  • In a command economy Economic Security is met.
  • In a market economy Economic Growth is met
  • Hello my name is Lauren and  I come from a  market economy
  • What is Economic growth?
  • In my country we have Economic security where everyone is guaranteed a job and taken care of
  • Economic Growth is when the economy produces more and better goods and services
  • Economic Security benefits the people because everyone is guaranteed a job and a check that they can use to support their family
  • Economic Growth benefits the people in my country because as society grows and changes the goods and services are also updated and increased. 
  • Some positive things about having Economic Security is the security of knowing that you'll have a job to provide for yourself and/or your family
  • Some positive things about having Economic Growth is that the economy always has updated things and it is always expanding so jobs opportunities are increasing.
  • A negative thing about economic security is that you don't get to pick the job you get, you may not have experience in that area or you may not even like the job
  • A negative thing about economic growth the economy could grow too fast and do things like create pollution
  • In my economy our leader determines everything, he determines what is produced , how it´s produced, and who it is produced for.
  • Who decides what gets made, how it gets made and who gets the product?
  • In my economy store/business owners and consumers decide what get produced, how it gets produced, and who gets the product.
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