Economic

Economic
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  • Hey Thomas lets go on a trip!
  • Okay, but I have some specific places I want to go.
  • I am so excited to see what you have planed!
  • It is going to be great and you will experience some new things.
  • This is a market economy Thomas!
  • This is actually a type of economy. What type is it?
  • Thomas and Sally decide to go on a trip to see different economies in their community and the world.
  • The next place we are going is very "old school"
  • Oh really I wonder what that could mean.
  • Thomas and Sally are on their way to the airport to start their travels.
  • I know this one too this is a traditional economy!
  • Exactly right Sally!
  • This a market economy. The owners of this shop are allowed freedom to make their own prices and sell what they want without government interference. 
  • That leaves us with just two economies left right Thomas?
  • Yes Sally we have two more stops to make.
  • Thomas and Sally are now on their way to Africa where they will experience their next new economy.
  • This is traditional economy so they produce their goods and services the same way they always have. This means they either are hunters and gatherers or domesticate animals and farm. 
  • Next stop for Sally and Thomas is Cuba and their command economy. 
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