US Economic System
Storyboard Text
- I want to start a business but I don't even known where to begin
- Here, I'll teach you
- The first thing you need to know is that anything of yours that you own is your private property.
- Any private property of yours gives you the right to do whatever you want with it/ Whether that be to sell it, use it, or even get rid of it. it's your call,
- What Else?
- Always Remember! You have the freedom to make your own economic decisions but you'll have to face the consequences.
- Yes, okay. But let's get to the good part. Where does the money play into all of this?
- You're business has to make the money. You have to make money to cover the expenses for the business itself.
- Whatever money that you have left over is yours to keep. That money is called your profit.
- What if someone is selling the same stuff as me but better?
- Having competition is good though. It encourages you to keep up and do a number of things like improve quality, offer better service. produce new things, and keep reasonable prices.
- That's your competition. Every business has competition that sells the same product as them.
- Good Luck! Remember everything I said. You make your own choices to sell your property so that you can make profit. Grow your business enough to keep up with the competitors.
- Thank you for all the tips! I think I'm ready to open my business! Be sure to stop by. Thanks again!
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