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Economic Comic

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Economic Comic
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  • 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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