intro to b

intro to b
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  • Karate Kid
  • We are moving to California
  • Command
  • Mr. Miyagi what are you going to do now since your job closed
  • I don't know Daniel son. First we must go see my father in my home country, he very sick
  • Mixed
  • In this frame we experience one of the four principles of Capitalism - Freedom of Choice. This is an individual's opportunity and autonomy to perform an action selected from at least two available options, unconstrained by external parties.
  • Traditional 
  • In this frame we see an example of command economies because his store was closed. Command economies - an economy in which production, investment, prices, and incomes are determined centrally by a government.
  • Market
  • This is an example of mixed economies because it combines private (first class) and public (Air Line) enterprises.
  • 
  • This is an example of private property because he has the ability to do what he wants and it is an example of profit because adding on to his business will increase profits. lastly this is an example of competition because he is tearing down his business to better his. Traditional economy is an original economic system in which traditions, customs, and beliefs help shape the goods and the services the economy produces.
  • I am going to tear down your land because this is my land and build my business up
  • The grocery store shows market economies - markets rely on sellers offering their goods or services (including labor) in exchange for money from buyers.
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  • The End
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