62
Lesson 62 of 84 · Economics
Technology and the Economy
Technology has transformed the economy by creating new industries, increasing productivity, and enabling global commerce through e-commerce and digital services.
Key Facts
1
Every choice has an opportunity cost.
2
Money is a medium of exchange.
3
Needs are different from wants.
Check Your Understanding
Question 1
1 of 2What happens when demand is high and supply is low?