Katie and Bella
Storyboard Text
- did you here that a lot of people are buying our rubber ducks?
- okay, lets make more!
- go get our smoothies, they're right down the street
- A market economy is an economic system in which consumers buying what they want effects the means of production.
- want an awesome hair cut?
- I will think about it
- In a market economy producers know what to produce when a large amount of consumers is buying a certain project. They know what the consumers want to they make it for them.
- In a market economy products are often made locally in businesses.
- Consumers can get whats produced, they have the freedom of choice to choose whether they do or do not want a good or service.
- There is no true market system in the world today, economic systems are often mixed.
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