6
Lesson 6 of 84 · Economics
What Is a Budget?
Saving means setting money aside for the future. Banks keep savings safe and pay interest. Saving helps people prepare for emergencies and big purchases.
Key Facts
1
Needs are different from wants.
2
Supply and demand affect prices.
3
Trade connects people globally.
Check Your Understanding
Question 1
1 of 2What is the difference between needs and wants?