US Economic System- Mikayla Martino
Updated: 12/11/2019
US Economic System- Mikayla Martino
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Storyboard Text

  • Sure! U.S. economic system is based on four important principles. Private property, Freedom of choice, Profit, Competition
  • Hey Liz, Can you help me review for the U.S. economic system quiz we have?
  • No problem! Private property, is when you own use and dispose of personal items that have value.
  • Got it, but can you explain it further?
  • Freedom of choice, allows you to decide which goods, service, and assets are available to you.
  • Okay, thanks for your help!
  • Profit, is the amount of money collected after the sale of a product or service.
  • What about profit?
  • Of course! Competition is to share limited goods.
  • Don't forget about Competition!
  • No problem!
  • Thanks for helping me out, I know I'm gonna do great!
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