What is the economy all about?
Storyboard Text
- So... you WANTED to be in prison?
- Obviously. Free food, water, health care, shelter, this is perfect!
- WHAT DO YOU MEAN YOU DON'T SELL CHEESE ANYMORE
- Well ever since the president became lactose intolerant cheese was banned.
- Jesse, we need to cook.
- Macaroons, yes. Not like that's illegal or anything.
- YOU want to cook m-
- Needs are necessary for human life, but wants are pretty much optional.
- By golly, Christopher, what a magnificent tree you've found! Surely by now we can afford to trade that fancy automobile from Mr. Ferrari
- *baby noises*
- Command economies are completely controlled by the government, they control everything relating to business
- This Mr. Snuggles teddy bear is a one-of-a-kind, it's been passed for generations and by now it's worth thousands.
- Weren't those recalled for safety reasons?
- Market economies have absolutely no interaction with the government, but these are theoretical as the lack of government interference can lead to illegal activities or safety hazards.
- Wall.
- Indeed, we are expected to reach our next peak by the upcoming decade.
- Good news, the economy is finally growing after last year's trough!
- Traditional Economies are very old, they rely on getting resources yourself and may involve bartering.
- An increase in supply will cause a decrease in demand, anda decrease in supply will cause an increase in demand.
- As time progresses, the value of items will slowly increase and decrease in a wave-like pattern, causing prosperity or an economic collapse
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