SlideShare a Scribd company logo
[object Object],[object Object]
What does  barter  mean? ,[object Object]
[object Object],Want to trade with me?
[object Object],Bubba’s Ice Cream
[object Object],1) 2) 3) 4)
[object Object],I’m sorry Stan!
What is  supply  and  demand ? ,[object Object]
What is  supply  and  demand ? ,[object Object]
What is  supply  and  demand ? ,[object Object]
[object Object]
[object Object],1) 2) 3)
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  profit? ,[object Object],[object Object]
What is a  loss ? ,[object Object]
What is a  loss ? ,[object Object],[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]
[object Object]
What is  free enterprise ? ,[object Object],Popcorn $0.50---Now  $0.25! Popcorn $0.50---Now $0.30!
[object Object],Goodbye!
References ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

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