Intro to business story time

Intro to business story time
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Storyboard Description

the teacher is telling his class about everything we learned this week, hes cool, i guess the other students think he is cool too

Storyboard Text

  • The types of economies!
  •  Hello class today we will be talking about cool stuff!
  • YAY!
  • First there is a market economy 
  • Awesome
  • There is traditional, command, market, and mixed economies and they revolve around the wants and needs, also demand and supply
  • The two others are   Command and Mixed . They have wants and needs
  • What are wants and needs?
  • Mr.Teacher will be teaching about wants & needs, types of economies, ect
  • Well you see...
  • Why does that matter to the economy?
  • Market Economy:  An economy that has no government  involved with it, it  is run by mainly the consumers
  • If people dont buy their stuff it is a , surplus, if they buy too much its a shortage
  • Ohhhh, we get it now Mr.Teacher
  • A want is something you wish you had but it is not important for survival A need is essential for you to survive
  • These are important because they need to know what will be bought, this is where demand and supply comes in
  • These shortages and surpluses can cost them money which will make the business go into a depression which is a stage in the business cycle
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