Lesson 52 of 84 ยท Economics
โญ 30 XPโ Market PortMaking and Selling Things
Trade happens when people exchange goods or services.
๐ฏ Your mission
Spot the cost behind the price.
โก The twist
Trade isn't just stuff โ it's ideas, words, and germs.
Mind = Blown
๐คฏ The first stock exchange was in Amsterdam in 1602 โ for spices.
Then & Now
๐ฑ Every receipt you've ever seen has this idea inside it.
Trade happens when people exchange goods or services. Trade helps people get things they need but cannot make themselves.
Key Facts
Producers make things; consumers buy them.
Every choice means giving up something else.
Needs are different from wants.
Check Your Understanding
Question 1
1 of 2What are goods?
Why this still matters
The next time you spend $1, ask: who else benefited besides you?
Stretch Challenge
Try this in real life this week.
Track every dollar you spend or get this week. Then figure out the pattern.
For the dinner table
โIf you had $20 to start a business, what would you sell?โ
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