Business Joe
Storyboard Text
- Hey Tyler! I was talking to the boss earlier and he needs that presentation on U.S. Economic System tomorrow.
- Ok John. Lets get started.
- So there are four important principles in the U.S. Economic System. Private Property, Freedom of Choice, Profit, and Competition.
- Ok. Since Private Property is the first principle where people you can own, use, or dispose of things they value. For example owning a home or a TV.
- Yes John! The second principle being Freedom of Choice where you can make economic decisions independently and must accept the consequences of the decisions. Like producing and selling or work.
- The third principle is Profit were the money left from sales after subtracting all the costs of operating the business.
- Great Job Tyler! The final one would be Competition were rivalry among business to sell their goods and services to buyer. For example two pizza places fighting for the better pizza.
- Good work John! Lets put our ideas into a presentation and give it to the boss.
- Sounds like a plan!
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