The Four types of Economics
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- Looking for a job
- Can I Have the job?
- No I'm sorry
- Traveling to a new country
- North Korea
- That price is ridiculous
- Timmy is looking for a new job and decides he wants to be a referee for basketball but things don't turn out right and he doesn't get the job. For the manager this is called freedom of choice. When he has a choice rather or not to hire Timmy(Market economy)
- heading to china
- Timmy decided that the United States wasn't the best choice so he decided to head to North Korea. He had a lot of layovers due to the lack of technology So it was a long flight.(Traditional Economy)
- China
- Before Timmy decides to get a job he goes to buy some snacks at the gas station but he completely disagrees about how the government prices there items. This is an example of command economy. where the government does mostly everything with the economy.(command economy)
- New Home
- Timmy is like "screw this" and decides to go to china because he doesn't like how North Korea's government controls most things
- Timmy has arrived in china and love's how china is a mixed economy. how it has balance between the people and the government.(Mixed economy)
- Timmy decides he is going to stay in china and live a new life and become a professional referee in Hong Kong
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