Four Types of Economy
Storyboard Text
- Market Economy
- Camilla lives in the untied states. The united states is a Market economy which means the people own and control what they want.
- Flight to Canada
- What drink would you like on your flight to Canada?
- Mixed Economy
- I just arrived in Canada! Canada is an example of a mixed economy which means both the people and government decide certain things.
- Camilla is going to travel the world to see all the different types of economys the world offers.
- Command Economy
- I just arrived in North Korea! It was a long flight to get here but it is so pretty. Although I am not sure what economy this country is.
- Camilla is going to visit a mixed economy.
- Traditional Economy
- Wow I can not believe it is my last destination on my trip. This is Ethiopia which is an example of a traditional economy. This means goods and services are produced the way they always have.
- This economy gives people and the government power instead of just one or another.
- Home
- Yes I learned about all four types of economy's and all the different countries that are examples of them. I love living her and getting to decide what I want.
- How was your trip? Did you learn a lot?
- The only economy that Camilla needs to visit now is traditional.
- This is a command economy which mean that the government controlled resources
- Camilla is very excited to travel back to the United States.
- Camilla loves living in the united states where the people get to decide what they want.
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