Updated: 12/11/2019
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Storyboard Text

  • Hey Kayla,we have a test today on Economic Systems can u help me review!
  • Sure Thomas, just ask me what questions and I'll give you the answer!
  • So the first question is what is a traditional economy?
  • Well, a traditional economy is a economy in which customs of the past traditions, and ancestors answer 3 economic questions
  • Ok, what about Command Economy?
  • Command Economy is a economy where the government answers the 3 questions.
  • Ok 2 more! What is a Market Economy!
  • Market Economy is a economy where three individuals answer 3 questions
  • Ok last one I promise! What is a Mixed Economy?
  • Ok so a mixed economyis similiar to a Command and Market Economy because there are none of those economies pure in the world!
  • Thank you so much for helping me. I think I'm going to do great now
  • TEST TODAY!!!!
  • No problem Thomas. Any time! Good luck on your test!!
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