61
Lesson 61 of 84 · Economics
The Global Economy
The global economy connects countries through trade, investment, and communication. A drought or factory shutdown in one country can affect prices and jobs worldwide.
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?