Lesson 2 of 84 · Economics
⭐ 30 XP⚓ Market PortGoods and Services
Needs are things required for survival: food, water, shelter, clothing.
🎯 Your mission
Follow the money. Then follow the choices.
⚡ The twist
Money is just a story everyone agrees to believe.
Mind = Blown
🤯 Money used to be made of cocoa beans, salt, and even giant stones.
Then & Now
💱 This is happening in your local store every single day.
Needs are things required for survival: food, water, shelter, clothing. Wants are extras: toys, games, vacations. Understanding the difference helps us make smart choices.
Key Facts
Every choice has an opportunity cost.
Money is a medium of exchange.
Needs are different from wants.
Check Your Understanding
Question 1
1 of 2What happens when demand is high and supply is low?
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.
Find two products that look similar but cost very different. Why?
For the dinner table
“If you had $20 to start a business, what would you sell?”
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