Economics

Economics

Storyboard Text

  • Welcome to the country of New New Zealand and here they live in a free market enterprise system.
  • There is a man who lives here and his name is henry. Henry has a shop where he sells his goods. He sells many goods but his prized good is canoodle
  • Henry's Goods
  • A canoodle is a phone that can only call. It comes with 200 minutes and when those minutes are up the phone completely shuts down and is no longer usable. He gets the phones from a nearby factory
  • Since he has his own factory this allows him to use the same amount of resources that the other firms have available but since he only sells canoodles he can specialize in making those so he can make more of them
  • But you bet your bottom dollar, rain or shine there will always be a line down the street!!!
  • Henry is really happy that his business is doing so well. LOOK AT THAT SMILE!!!
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