Market economy

Market economy

Storyboard Text

  • Hi my name is Tiffanie and this is a Market Economy 
  • Market economies answer the three basic economic questions by business owners and getting resources and goods from the markets. 
  • One advantage Market economies have is that it makes people more innovated and it produces more productivity
  • Like this blacksmith here, the more things he creates and the faster he does it , he makes more money
  • Another advantage is that it increases efficiency.
  • Even though there are some advantages, there are also some disadvantages to the market economy like poor working conditions 
  • there can also be inequitable distributions of money and wealth
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