Economic Systems Project: StoryBoard

Economic Systems Project: StoryBoard
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Storyboard Text

  • Hey there pal, what economy are you in ?
  • I live in a mixed economy.
  • Then these two gentlemen went to a resturant to talk about the discussion.
  • I live in a coomand economy. What economy are you from ?
  • Well a mixed economy is combination of a market economy and a command ecnomy.
  • So what is a command economy?
  • Two negatives is that I am not gaurenteed a job and I have to pay for health insurance.
  • Really? How so?
  • A command economy is  when the government has full control of everything in the economy.For example they control what to produce. What is a Mixed economy?
  • Basically consumers can get their goods and services protected by the government and the government protects protecters to stop monopolies, stop price fixing, and protect U.S companies.
  • Oh, ok that makes sense. What are some economic goals in your country?
  • Two economic goals we have is Economic freedom. An example of economic freedom is the ability to make your own buisness. And another goal we have is economic stability.  Economics stability is Growth, availability of products, affortable & employment steady. 
  • Wow that is pretty cool. Two economic goals we have is economic security and economic growth. Economic security gaurenteeds me a job and free health care and economic growth where a lot of our hospitals are advanced.
  • Two negatives about mine is that I can't make my own business and I don't have a lot of food in stores.
  • How the eceonomic economy answers the three economic questions: What to produce, how to produce, and  for whom to produce based on what consumers demand, and producer decides the most effient way and those willing and able to afford it.
  • Woah cool! How my economic system answers the three goals is determined by the government.
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