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  • Chapter 3: The Many Uses of Credit
  • How An Economy Grows and Why it Crashes
  • BY: AUSTIN STARNES 5th period
  • I created a net using natural resources and now I can catch two fish per day. This is known capital.
  • Chapter 1: An Idea is Born
  • Wow! You will have so much more productivity during the day. We might have to come to a trade agreement because we are only catching one fish per day.
  • Is that called under-consumption? Eating less than the supply you have?
  • Chapter 5: Prosperity Loves Company
  • Chapter 2: Sharing the Wealth
  • YES!
  • I am catching 2 fish per day. I am eating on of them and saving the other one for later.
  • Deal! You will receive fish as credit for letting me borrow a net. Thank you for taking a risk and I will make you proud
  • I will loan you one of my fishing nets if you repay with fish as credit.
  • Chapter 4: Economic Expansion
  • Let's all come together and make a fish trap. Our production will be increased exponentially.
  • If we all team up this would be known as a joint venture. In this case it would be three parties seeking a profit (fish).
  • I specialize in building boats. I charge 9 fish per boat so I make profit. Each boat takes me about 4 days to build.
  • So your basically providing us with a service sector? Something that is important to our daily need. This will assist with fishing and also transportation
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