Lesson 11 of 84 · Economics
⭐ 30 XP⚓ Market PortNatural Resources and the Economy
Natural resources — water, timber, minerals, oil — are raw materials economies depend on.
🎯 Your mission
Spot the cost behind the price.
⚡ The twist
Cheap for you usually means expensive for someone else.
Mind = Blown
🤯 Money used to be made of cocoa beans, salt, and even giant stones.
Then & Now
💱 Every receipt you've ever seen has this idea inside it.
Natural resources — water, timber, minerals, oil — are raw materials economies depend on. Countries with abundant resources often build industries around extracting them.
Key Facts
Needs are different from wants.
Supply and demand affect prices.
Trade connects people globally.
Check Your Understanding
Question 1
1 of 2What is the difference between needs and wants?
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.
Track every dollar you spend or get this week. Then figure out the pattern.
For the dinner table
“If you had $20 to start a business, what would you sell?”
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