intro number 1

intro number 1

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  • he hit that ball into the next cycle of business 
  • what's that?
  • I think it's the high and lows that the economy goes through
  • oh that reminds me of all the types of economy 
  • that's right frank there is market, mixed, command, and traditional
  • oh ya that's right there are different types of economic systems 
  • kevin hit the baseball into the outfield and joel made the catch 
  • you don't need that phone Kevin you just want it 
  • Ya Kevin Joel is right you can live without the newest phone 
  • everyone goes to the mound to discuss what a business cycle is?
  • No problem Kevin it's not even that great of a phone i think they will have a surplus 
  • thank you guys for talking me out of buying that phone 
  • after boxing the group discusses more about economic systems 
  • A surplus is when a company provides a higher supply then the demand
  • what's a surplus?
  • on the way home kevin was about to buy a new phone when he already had a working phone but joel told him not to
  • As they are walking home Kevin thanks them for talking him out of buying a phone and Joel starts to explain what supply and demand is 
  • Joel finishes up explaining supply and demand to the boys the n everybody say goodbye 
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