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  • Slajd: 1
  • I guess I'll just have to stick with my current phone. The price of the new phone is so high though! I wonder why.
  • The reason it's high is probably because the demand is high but the supply is low, so they have to raise the prices.
  • Slajd: 2
  • Today in business class I learned about the different economies! Market, mixed, command, and traditional. Market economies are based on the concept of free markets. Plus the government has little control. A mixed economy is also known as a dual system. It's a combination of a market and command system. I don't remember what command and traditional was about though.
  • A command economy is when the economy controls everything! A traditional economy is based on goods, services, and work. It relies a lot on people. If I got to choose I would choose a market economy
  • Me too.
  • Slajd: 3
  • Hi mom. Today at school my friend explained to me the different reasons why I don't need a new phone. So, I understand what you mean. I think I would be better off with my current phone too. She also taught me about different economies!
  • That's great! I'm glad you understand now.
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