Capitalism Economy
Storyboard Text
- Privately Owned property
- This is my own house that I am able to do with what I want because I privetly own it.
- Supply and Damand
- businesses will generaly change their prices based on supply and demand. Like behind me, when more people want it then the price will go up.
- Private Ownership
- This is the business that I own completely seperated from the governemnt to make my own money.
- The man owns his own house that was not provided for him but was bought by him. He has the right to do almost anything with his house because he owns it.
- Compitition
- This is a business that gives the same service as mine and is competing with my business for clients and money.
- When more people want a certain thing and the business that they are buying from might increase the price because they will get a better deal out of it. They also might have to increase the price because they are having a shortage of supplies.
- Government Involvement
- With Capitalism, people can own their own businesses and make their own money. Though the Government still has a role in this with taxes. For example, the building that your business is run in is subject to tax.
- Purchase Goods
- This is a grocery store where people can go to buy and the food that they want and are able to keep for themselfs.
- When there is a business that is successful there is bound to be a competitor. While the individual business owners are not so pleased with this, the average consumer is because competition will lower the price.
- While most things are privately owned, some things like public transportation, buildings, and some businesses are owned by the government. Most of the time these businesses are not in to make money but to serve the community and are only able to stay operational through taxes.
- This is public transportation that is owned and maintatined by the governemnt
- In Capitalism, consumers are able to buy their own goods for their own use. In some other places, you are not allowed to buy your own good but you are given goods only to keep you alive.
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