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  • whats an economic system?
  • This kids is the capital building where we represent our economy system and freedom
  • Whats the difference between communism and socialism?
  • a system that produces goods and services in an area. for an example communist Cuba where everything is equal and owned by the government
  • socialism starts with an s
  • no socialism has a community that owns business where communism the government owns it and can limit profit, cost of goods
  • whats the difference between gross and net profit?
  • gross profit is the sales income minus the goods sold. Net profit is the total money made without the operating expenses subtracted
  • I hope you learned lots about big business
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