60
Lesson 60 of 84 · Economics
Charitable Giving and Nonprofits
Nonprofits provide services like food banks, shelters, and educational programs that markets alone may not supply. Charitable giving plays an important role in the economy.
Key Facts
1
Trade connects people globally.
2
Every choice has an opportunity cost.
3
Money is a medium of exchange.
Check Your Understanding
Question 1
1 of 2What is an opportunity cost?