economic storyboard

economic storyboard

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  • It is a beautiful day. But our country is not perfect.
  • Do you mind if I ask you a few questions?
  •  What a beautiful here in America.  America seems soo perfect.
  • no not at all. Proceed with your questions.
  • if it's ok may I ask what economic system is the U.S.?
  • You don't seem to be apart of the U.S. So I was wondering what economic system are you apart of?
  • You are right I am not from the U.S. I come from North Korea and we are a command economy
  • north Korea is a place where the gov't is much involved and they determine the products that we produced
  • The U.S. has a mixed economy. our gov't owns some properties and also make rules on how businesses compete.
  • The main goals our country meet our economic security equity. Security meets a standard of living.
  • Equity b/c we get treated at the same level no matter who we are.
  • what about you, are the 2 economic goals seen in your economy ?
  • Economic Growth b/c good and services increase over time. Freedom b/c we get to buy, sell, and produce as you please.
  • there are cons also like having an encouragement on illegal activities. Also eliminates Competition which is what helps the efficiency market. 
  • its good to be apart of a command economy b/c you don't have to fear of losing your job. You are also provided  a home for your family to live in
  • Being apart of a mixed economy has its pros like you having an income to pay to further your education and going to the store to reward yourself with some treats.
  • But there is the con side to things leaning into the gov't more toward the gov't control and less freedom.
  • I understand.
  • The 3 economic questions can be answered by the business and consumer b/c gov't doesn't have full control over the economy.
  • the 3 economic questions can be all be answered by the gov't because they are in control of everything in a command economy.
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