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- I sentence you to 24 hours in a learning center to learn about the economic resources
- Are you serious!? Why do I need to waste my time learning about economic resources?
- There are 4 important principles for the economic system, private property, freedom of chouce, profit, and competition
- So? what is so important about the principles?
- First principle is private property, which is an area owned or used by a business or a place of value/
- Oh, so private property is where areas where companies are located.
- The next principle is freedom of choice, which means a person can make their own decisions and can say whatever.
- Interesting that having a freedom of choice means that you can do whatever you want, which is great.
- The next principle is profit, which means that you make more money than the amount you spent.
- Wow, having a profit would be great, I had no idea that these principles are very important.
- The final principle is competiton, which is a rivalry between businesses to see who can make a better profit.
- After learning all of this information, I now want to start my own business! Thank you!
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