Economic Comic
Storyboard-Text
- Introcuction
- Today we will be traveling to see allabout The 4 Principles of Capitilism and their benefits
- Profit
- The way I got onto this plane was paying the flight company, so i get my flight and they get their share of money. This is what we call profit. This benefits the buisness and helps it stay running
- Freedom of Choice
- Freedom of Choice allows me to do anything I want or looking forward
- I had the choice to go anywhere I wanted and I chose San Francisco. This is called Freedon of Choice
- Food
- That would be $7
- Money left from sales after operating cost of business have been paid
- Competition
- To make decisions and accept the consequences of those descisions
- Private Property
- $40
- How much?
- How much for the supreme burger with fries and a drink
- Rivalry among businesses to sell which encourages improved products and practices for lower price
- This is what competition is, rivarly against buisnesses to sell something good for a good price. This is key role in economics because this is what helps buisnesses maximize profit
- There was many places I could have gone to buy a buger, but chose this one because its the best for its value
- To own, use, or dispose of things of value
- Private property is beneficial because when I purchase something, it becomes mine to keep forever
- These shoes are the stores property, but once I pay for them they become my private property.
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