Ben Purcell First Project


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Storyboard Text

  • Billy And Steve are going to the mall today.
  • First stop is to get coffee. We stop at a traditional family owned business. They bought the lot and its there own property, so they can make any business they want.
  • Next we stop at a barns and noble to look around and talk to the workers about what competition they have with other stores.
  • Billy and Steve go to different businesses to learn more about economics.
  • Next we stop at a lunch room to eat. This is Market economy because of the supply and demand that the cafe has. The cafe has alot of profit because of all the people that come in due to there huge selection.
  • Traditional economy- Traditional economy is an original economic system in which tradition and morals shape the business. Private property- Property That nobody else can touch.
  • Next we stop at a club to see how command economy effects the economy and to  see how they have the freedom of choice on what music they play and drinks they serve.
  • Mixed economy-Private and public enterprise. Competition-The event in which businesses have rivals.
  • After a long day looking at businesses its time to go home and get ready for tomorrow.
  • Market economy-economic decisions and the pricing of goods and services are guided solely by the aggregate interactions of a country's individual citizens and businesses. Profit- How much money a business makes to earn money.
  • Command economy-an economy in which production,investment,prices, and incomes are determined centrally by a government. Freedom of choice- A business decides how they want to run it.
  • Now i know alot more about the economy and it will help with my business class.
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