Economics systems

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  • Hey you're new here aren't you?
  • Yeah, my last home didn't seem to work out good.
  • oh where are you from?
  • I'm from China, so far I'm really liking it here. 
  • What did you not like? Was it that bad?
  • But my mom and dad still had a job and luckily they didn't lose it completely.
  • The government there was very strict, we had no freedom. The government basically owned everything and my mothers restaurant wen out of business.
  • And we never have to worry about not having enough food in stores. The prices only change like once or twice a month.
  • Two girls just met on the bus, the one on the left is from a market economy and the one on the right is from a command economy. 
  • Here we have economic freedom. We are free to own our own restuants. We can buy and sell whatever we want.
  • I wish it was like that over there, my dad always worked extra long hours but he still wouldn't make enough money. He always got payed the same amount.
  • That must really suck. What can you do over there?
  • The girl on the right is about to explain how her home was a command economy and the one on the left is going to basically give her a tour with words.
  • What about here?
  • Basically the government tells us what we can sell and now sell. They make all the rules.
  • It is way different we have farmers to produce our food and a market that sells it were anyone can go.
  • What the girl is telling Kate (left) is known as economic security. Everyone is guaranteed a job and home.
  • I really like the fact that we moved over here. I hope to see you soon.
  • Kate explained economic freedom and stability. She told the new girl that they were free to do whatever they want and their markets are always available. The new girl told kate about economic equity. Everyone is treated equal.
  • The government in china produced everything, and sells it.
  • The two girls got off the bus and waked home.
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