Basic economic concepts
Storyboard Text
- Im from North Korea and since we have a command market the government has complete control on what is sold. What is it like in the United States?
- Here in the USA we have a free market, so the producer is in control of what is sold and for how much.
- So how is money distributed fairly to everyone?
- Oh wow, everyone in North Korea has the same amount of money no matter what, including a job.
- It is not. You have to earn the money by working. This is why our homeless population is so high along with the wealth gaps.
- Since you have to earn the money here by yourself, I want to be rich. Can I start my own private buisness?
- Yes, you even get to decide what the services or goods that are going to be provided to the consumers along with the price.
- No the government chose for us and we werent allowed to quit or get fired, all they cared about is that we were making income, but at least everyone had a job.
- Were you able to pick the job you wanted while you lived there or did the government pick it for you?
- Does the government support the less fortunate and homeless?
- That is one nice thing about a command economy, everyone has jobs and an income.
- Kind of, they just help with the basic needs to live like food stamps. Unlike a command economy we don't have jobs for everyone so there is a lot of unemployment.
- Over in North Korea, the government decided what to produce, and for whom to produce, and you can't start your own buissness over there.
- Yea we don't have any economic freedom but it didn't seem like an issue, but now I see how free and creative it is here, and I am so glad I moved here.
- I can't imagine not being able to start your own buisness in the United States. Thats how most people get rich.
Over 30 Million Storyboards Created