economy explained
Storyboard Text
- Why does he cry so much?!?
- Mixed economy
- Kids have different wants and needs but this varies from age
- Some want the newest and nicest pair of shoes but on the other hand some need shoes.
- Interesting book!
- This one?
- There are four different main economies mixed,command,traditional,and market. Command economies are run by governments and markets are the opposite. Traditional economies are old fashioned in a way leaving mixed being some government and consumers.
- Surplus
- The supply and demand is too high on cars right now for everyone to afford one
- Another thing I wanna talk about is supply and demand. It varies throughout countries and economies
- This coffee shop might have too much supply for it's demand leaving a surplus.
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