24
Lesson 24 of 84 · Economics
Workers and Their Paychecks
When lots of people want something but there is not much of it, the price goes up. This is called supply and demand.
Key Facts
1
Every choice means giving up something else.
2
Needs are different from wants.
3
Money helps people buy things.
Check Your Understanding
Question 1
1 of 2What is bartering?