Types of Economies Storyboard 2
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I'm almost ready to start my project, but I need more information. I'm gonna ask my friends!
Hey bus driver John, what is profit?
A profit is a financial gain. An example is what money a business has left over after operating costs have been paid off. Its beneficial to the country because you can make your own money.
Competition is a rivalry among businesses to sell, it is beneficial because it encourages improved products, practices, and lower prices
Hey waitress Kendall, what is competition?
Freedom of choice is being able to make decisions and accept the consequences of those decisions. Its beneficial to the country because you can say whatever you want
Hey doctor Paula, what is freedom of choice?
Hey quarterback Steve, what is private property?
Private property is to own, use, or dispose of things of value. Its beneficial because you can decide what the consumers of your product can see.
I finally got all the information I needed to start my project. Thanks to all my friends!
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