What is the Economy all about?

What is the Economy all about?

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Storyboard Description

Explaining the economy

Storyboard Text

  • Dude, I really need a car so I can go to parties
  • No you don't. You need a car to get to work not parties
  • There is such a huge supply of cars and high demand for people that want them
  • Well I do need a car to get to work.
  • With this day and age there is so many car sellers and renters because of our mixed economy run by both the people and the government
  • Yea its better than being run by the government like command economy our having the people and consumers run like market economy
  • It's weird going near all these businesses thinking about what the business has gone through
  • Jim explains to Bill that the reason he wants a car is not for the right reason and that a car is a need for work and not parties.
  • What do you mean
  • Jim explains the supply and demand for cars and Bill realizes that he does need a car for work
  • All businesses go through a business cycle where they go to the peak to a recession, to a trough to recovery
  • Oh OK, the peak is the high point the recession is it going down depression is when its at the bottom and recovery is when it comes back
  • Yea it is weird to think about it like this company most likely went through these business cycle
  • Jim an Bill both talk about the different economies and is happy with his nations economy
  • Yea but do you know what time it is.
  • Jim is talking about all of what these business has gone through and is ready to talk about a business cycle
  • Bill learns from Jim about Business cycles and what companies most likely will go through
  • Bill recognizes what Jim was saying as they enter there favorite pizza spot and get some pizza.
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