The 4 types of economies
Storyboard Text
- Today Rosie is going on vacation!!
- i AM SO EXCITED TO SEE ALL OF THE ECONOMIES!
- Rosie got on the subway after getting of the plane in New York!
- I can't believe I am in New York! This city is beautiful and I love that people of this country can control where they work, what they do, how they do things, and what they wear!
- Yeah like today I saw people competing to earn profits!
- Yes you all are very lucky to have so much freedom here.
- Next, Rosie goes to North Korea
- I cant believe the government controls all of your economic decisions! You guys don't have any business competition!
- I know. But thats just always the way it has been. My store is down and the government won't let me lower the prices!
- Next Rosie goes to Ethiopia
- I cant believe all of your economic activities are centered towards a tribe, family or ethnic group! You guys don't have a lot of technology right?
- Yes! Our choices are basically determined by the enviornment.
- So, in this economy the government guides and regulates production of goods and services! Also, recourses are owned by induvial.
- Rosie goes to Canada
- MARKET ECONOMY
- The government also makes sure my store and my other store are equal so they are making the sale profits!!
- Rosie goes home
- COMMAND ECONOMY
- It was so fun I had a great time and learned about the 4 economic systems, Canada is Mixed, Ethiopia is traditional, The US is market and North Korea is command!
- How was traveling?
- TRAITIONAL ECONOMY
- MIXED ECONOMY
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