Storyboard Text
- Command Economy
- Jerry the goat was determined by the government to be no longer in demand so he was thrown over the bridge. The government decided there needed to be more production of corn over goats.
- Market
- Jerry was found swimming down the river in Italy. The people of Italy now want goat meat for their pasta. There is a demand for goat meat and no one in Italy wants corn. The cost of goat is expensive in Italy
- The Roman's kidnapped Jerry because they believe Goats are sacred. They can sell Jerry for lots of money due to goats being an important part of their religious customs. Jerry is afraid he will be sacrificed like his ancestors.
- Traditional
- Private Property
- I have done well with my fishing business and was able to buy my own castle! It's all mine as long as I follow all the laws
- A system where the government, rather than the free market determines what goods should be produced
- Mixed Economy
- The government of a small town in Greece wanted to control the goat population but also allowed the need of goats to be controlled by the demand of the economy. The government also wanted to follow the traditions of the community. This was the best fit for Greece.
- An economy in which price and production is controlled by buyers and sellers freely conducting business.
- Profit
- I hate polar bear fishing season!
- An original economic system in which traditions, customs, and beliefs help shape the goods and the services of the economy.
- Freedom of Choice
- Jerry runs his fishing business and works long hours during the fishing season. He has to follow basic laws to not harm the environment. He has found a demand for his business and has done well
- If I keep doing well with the fishing business I will be able to retire in 2 years!
- A piece of land, a home, or a car owned by an individual, a family, or a group. It differs from a public building, or public property, such as the city park,which provide a government service for all citizens. In this system, people's right to buy and sell private property is guaranteed by law. People must use the property in safe and reasonable ways,
- Competition
- Dude go fish somewhere else. I have been making a ton of money off these waters. The ocean is big enough for both of us
- A system that combines characteristics of market, command and traditional economies.
- I'm invited to the White House to show everyone that a mixed economy can work.
- The main reason why you or any enterprising person organizes a business is to make money. You do this by earning more money than you spend. The goal is to make a profit
- I can sell this bear for 3,000 and it only cost me 100. I love to make money!
- Jerry found a future in fishing for Polar Bears. He could buy his fishing gear and equipment for a reasonable price then sell the polar bears at a higher price
- The decision whether or not you should go into any kind of business is basically yours to make. You decide what to charge and how much you work. You have certain laws you must follow to keep from harming customers
- You can start your own business but so can others. The rivalry between businesses can increase competition.
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