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quirky dogs talking about the state of the US economy
Updated: 10/21/2020
quirky dogs talking about the state of the US economy
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Storyboard Text

  • Alright Bill, let's recap: The US economic system is built on four main principles, those being competition, profit, freedom of choice, and private property. It best fits the definition of a market economy (aka capitalism).
  • Elswire Bakery
  • Elswire Bakery
  • Competition is the easiest definition, it's basically a rivalry between businesses over sales. Profit is the money left over after all business expenses are paid. Profit keeps the economy strong.
  • Elswire Bakery
  • Elswire Bakery
  • Freedom of choice is the ability to make your own economic decisions and be held accountable for those decisions. Freedom of choice allows you to buy, sell, work, and own properties.
  • Elswire Bakery
  • Elswire Bakery
  • The final principle of the US economy is private property. Things of value like houses or cars count as private property; they are things you can own and sell for whatever you want.
  • Alright, I think I finally understand now!
  • Thanks for the help, dog!
  • Hey, speaking of dogs, how did a dog like you learn so much about the US economic system?
  • I couldn't tell you, Bill. Maybe the author just thought it would be more fun to have dogs talking to one another.
  • I mean, fair enough.
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