Types of Economies Storyboard

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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