us ec.

us ec.

More Options: Make a Folding Card

Storyboard Description

This storyboard does not have a description.

Storyboard Text

  • Hey Tim, did you know we have an economics test today?
  • Oh my gosh. No, I had no idea!
  • U.S. economic system is based on four main principles , private property, freedom of choice, profit and compeition.
  • Don't worry I can help you study a little bit right now!
  • Oh no... I am going to fail this test!!!
  • First there is private preperty
  • Private Property you can own, use or dispose of things of value. You can buy and sell things and throw them out
  • So what is first?
  • Ok so I can buy anything I want, I just have to deal with what happens if I make a bad decision?
  • Next is freedom of choice, you can make economic decisions of your own. But you must accept the consequences. The decisions are made by you and not the gov.
  • What else is there?
  • Then there is profit, which is the moeny left after sales subtracting the costs of operating the business. People want to work hard to earn a larger profit
  • There is one more right?
  • Yes, last is competition which is a rivalry among busnieeses to sell goods to buyers. It motivates companies to improve quality, service, produces new things, & keep prices steady 
More Storyboards By ee301aa3
Explore Our Articles and Examples

Business Resources

All Business ArticlesBusiness Templates

Film Resources

Film ResourcesVideo Marketing

Illustrated Guides

Try Our Other Websites!

Photos for Class   •   Quick Rubric   •   abcBABYart   •   Storyboard That's TpT Store