Types of Economies Storyboard

Types of Economies Storyboard

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Storyboard Text

  • I have a project due soon on what the different types of economies are, and I don't have any clue, I need some help!
  •                         Example:                        North Korea
  • A command economy is a type of economic system where resources are owned and controlled by the government. 
  • Hey Mr. Kenny, what is a command economy?
  • A market economy is a type of economic system where resources are owned and controlled by the people of the government
  • Hey Sarah, what is a market economy?
  • Example: USA
  • A traditional economy is a type of economic system where goods and services are produced the way its always been.
  • Hey mom, what is a traditional economy?
  • Example: Haiti
  • Hey dad, what is a mixed economy?
  • Example: China
  • A mixed economy is a type of economic system where different elements of both command and market economies are combined.
  • Wow! I've learned so much about the different types of economies, I'm almost ready to do my project...
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