Stans Economic Story

What does barter mean? ,[object Object]

[object Object],Want to trade with me?

[object Object],Bubba’s Ice Cream

[object Object],I’m sorry Stan!

What is supply and demand ? ,[object Object]

After I finished my ice cream, I said goodbye to Diana and left. In the street I heard two children singing a song to the tune of “You Are My Sunshine”. It went like this: ,[object Object]

I found myself singing along to the tune. When we were finished singing I asked, “Where are you two going?” ,[object Object],Toy Store

What are producers and consumers ? ,[object Object],[object Object]

What is opportunity cost ? ,[object Object],[object Object]

[object Object],Opportunity Costs Purchases

What is a profit? ,[object Object]

What is a loss ? ,[object Object]

After the children left the toy store I decided to stay and have a look around. In the front of the store there was a magnificent toy car. ,[object Object]

What is specialization ? ,[object Object]

What is interdependence ? ,[object Object]

[object Object],Johnson Elementary School

What are taxes ? ,[object Object],[object Object],[object Object]

I passed the school and saw my friend Cole walking down the street. “How are you today?”, I asked Cole. ,[object Object]

What is an entrepreneur ? ,[object Object]

What is free enterprise ? ,[object Object],Popcorn $0.50---Now $0.25! Popcorn $0.50---Now $0.30!

References ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Stans Economic Story

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Stans Economic Story