Unknown Story
Updated: 12/17/2019
Unknown Story
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Storyboard Text

  • Traditional Economy
  • I have to milk this cow in order for us to stay strong.
  • Mixed Economy
  • The government has given us free bus rides but i prefer to take my skateboard.
  • Command Economy
  • Yes my queen
  • Traditional economy is when the people make, share or trade their own goods. America has a traditional economy. One advantage is that they only produce and take what they need while a disadvantage would be people can starve because they didn't produce any goods.
  • Market Economy
  • Get your radio players, have one already I'll trade you for a better version
  • A mixed economy is an economic system combining private and public enterprise. France has a mixed economy. One advantage is provides the freedom to have private property. One disadvantage is it could risk the government to go too far.
  • Command economy is when the government determines production, investment, prices, and incomes. North Korea has a command economy. One advantage is there's low level of unemployment,while one disadvantage lack of competition
  • Market economy is when people decides what best for their business with no government control. America has a market economy. One advantage is that selling is on your own terms while one disadvantage would be that others might excel more.
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