What makes up a good story

To me what makes up a good story is having the basic fundamentals, exposition, rising action, conflict, climax, falling action, and resolution. But of course, adding in some creativity and imagination to make it more interesting and fun to read. There should also be a purpose in writing the story whether it's to entertain, be educational, or to give hope. A good story makes people want to read it and keep reading it, it keeps them interested the whole time without having a dull moment. Stories can be told in all different types of ways, books, CDs, podcast, but the best ones are told from people who have experienced things first hand. Like older people who like to tell all their stories from the good old days, when gas wasn't even a $1 a gallon and everything cost 5 cent. What's your all time favorite story? (Comment)