What is economy all about
स्टोरीबोर्ड पाठ
- Grandma, why do people always say is that a want or a need?
- A needs are food and medicnce while wants like that new toy you wanted.
- hmmm
- No wonder!
- And hunny, you need supplies for the demand or without the demand you don't need supplies.
- Grandmother and grandduather are having a girls day. But Grace is confused between wants and needs.
- Does this go through a cycle between the suppy to the demand?
- Yes!! A business cycle, it's where a business goes through growth. It could go down or up.
- Gradma is explaxing how Grace doesn't need to survive with a toy or an ipad, you need food and water also education to survive.
- There are types of economies for these businesses to work.Our economy is mixed, so we can create business but there is rules from the goverment.
- Grace is learning about supply and demand. The amounts of goods and services are based off the pruoduts and the consumers want/need for it.
- Okay, lets go home!
- Awww
- Through suppy and demand a business cycle is created. This is how a business goes through growth and in a negative state to produce demands and supplies, things are constantly changing.
- There are many different types of ecomineis, just like mixed economy It combines market and command. The market has very little government interference while the command economy the government has control of everything. A very basic economy is traditional, farming, fishing; people do the work.
- They go home, after spending an eventful day learning and having fun.
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