Government Stuff

Government Stuff
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Storyboard Text

  • Charlie's Bedroom (United States)
  • Do you want to learn about the different economies?
  • Yes! Of Course
  • Market Economy (Australia)
  • This is a factory that makes shoes.
  • Aw Gee
  • Buy my shoes that were defiantly not made from child labor! 
  • Command Economy (North Korea)
  • Wow
  • Communism!
  • Charlie is sleeping and has a crazy dream.
  • Mix Economy (United States)
  • this factory makes shoes and the government had no control or regulations over the business. They are making a profit on the shoes because their return is higher than their expenses.
  • Traditional Economy (Ethiopia) 
  • The government has total control of all goods and services including the quantity, pricing, etc.
  • Principals of Capitalism
  • This is a mixed economy, so its an economic system combining private and public enterprise.
  • Whoa!
  • A traditional economy is a system that relies on customs, history, and time honored beliefs.
  •   Capitalism is a very beneficial because it encourages competition. It also gives gives citizens the freedom of choice which also allows them to own private property and purchase desired goods. 
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