38

Lesson 38 of 84 ยท 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

Supply and demand affect prices.

2

Trade connects people globally.

3

Every choice has an opportunity cost.

Check Your Understanding

Question 1

1 of 2

What are goods?