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Business Assignment
Updated: 9/30/2020
Business Assignment
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Storyboard Text

  • We are going to travel to a few countries to show different types of economies.
  • First let's start in North Korea, a command economy
  • In this country, the economy is very limited, all resources and businesses are controlled by the government and you have very little say about your economic decisions.
  • Now we are in The U.S., an example of a market economy
  • In this economy you have a lot of freedoms, businesses and resources are owned by the people and you have the choice for your own economic decisions.
  • We are now in Haiti, an example of a traditional economy
  • In this country and economy you see less developed communities, goods are produced the way they always have been
  • Now we travelled to Canada, a mixed economy.
  • This economy combines characteristics of both market and command economies, this is a very common type of economy. The government is part of the economy but you still have a say in some things.
  • After visiting and reviewing all of these economies, I have decided in my opinion that the market economy is the best. I like that it gives you the freedom to choose for yourself.
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