Capitalist Economy
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- Job Searching
- I need a job.
- Freedom of Choice
- I could work at this Gas Station.
- Private Property
- This is Jack, Jack is looking for a job.
- Profit
- Now I am making money.
- Jack has the freedom of choice where he wants to work at. Right now he is looking at his options looking for a job he wants.
- Competition
- Jack sees a run down building and wants to improve it so Jack decides to buy it, making it belong to him that makes it private property that he controls.
- Economy
- Jack updates his buildinginto a restaurant. And now he is making profit by customers buying his products.
- But there is competition for Jack, right down the block there is arestaurantsthat has more customers than Jack, so Jack makes sure he is selling what appeals to the customers to get the most profit.
- What am I doing wrong?
- Jack realizes what just happened to him is that he lives in an economy where he has the freedom to choose a job that pleases him, he has private property that the government can not touch, and makes money to put back into his restaurant and deals with competition.
- I now know what type of economy I live in.
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