US Economic System
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Hi Herbert! Oh my god, what's wrong?
I don't know the four important principles that the US economy is based on!
Part of it is based on private property, which allows for ownership of property by non-government entities!
Awesome! What else is there, Juffalo?
Incredible! These Americans have it good!
Another one is Freedom of Choice, which allows each consumer to decide themselves what they want to buy!
These people must have a lot of money to run this dance club!
Yes they do! Another one is profit, which happens when the leftover money goes back to the head of the organization!
The last one is competition. Competition allows multiple companies to produce very similar products and compete with each other.
Thanks Juffalo The Great!
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