Unknown Story
Storyboard Text
- For whom to produce the tribe or family group.
- traditional economy
- How to produce farming, hunting, fishing, herding, and gathering
- What to produce, farming, hunting, fishing, herding, and gathering
- For whom to produce, the government
- Command economy
- How to produce, production is decided by government agencies, who decide the most socially efficient goods to produce.
- What to produce, The government decides the means of production and owns the industries that produce goods and services for the public.
- How to produce, a government intervenes to disrupt free markets by introducing state-owned enterprises
- Mixed economy
- What to produce ,some free-market elements and some socialistic elements
- For whom to produce, goods and services are produced and how they are distributed.
- How to produce,the producer gets to decide what to produce, how much to produce, what to charge customers for those goods, and what to pay employees.
- For whom to produce,businesses responding to the wants and desires of consumers.
- Market economy
- what to produce, , the wants of the consumers and the profit motive of the producers will decide what will be produced