Types of Economies Storyboard
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We learned that there are 4 principles of Capitalism and that the first is profit like the money this restaurant makes.
The second principle of Capitalism is the freedom of choice, like choosing what I want out of all these clothes.
One of the last principles of Capitalism is competition, like how each of these magazines want to attract more customers than the rest.
The teacher explained how each of our houses were private property which is the last principle of capitalism.
These 4 principles help the economy by promoting companies to improve their product and maintain low prices.
By: Joe Armour and Devon Barton
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