Basic Economics

Want vs. Need: Basic Economics
A want is something you could have, and a need is something you have to have. Sounds simple, right? Sometimes, it's not that easy. Read this article, and you'll understand more about wants and needs.

Supply and Demand: Basic Economics
Supply and Demand are two of the most basic concepts in economics. This fun, illustrated article explains these terms in words you can easily understand.

Basic Economics: Scarcity and Choices
Scarcity is how little of something is available. It forces us to make choices, like how much of something to buy or how much money to spend on something. Scarcity is one of the most basic concepts of economics. Find out more in this easy-to-understand article.

Basic Economics: Goods and Services
What's the difference between the two? Find out in this fun, illustrated article.

Basic Economics: Interdependence
Interdependence is a very big word. It's also a key term in the study of economics. This fun, illustrated article makes this big word easy to understand. Check it out!

Basic Economics: Inflation
Inflation sounds like a big-concept word, but it really means just that prices keep going up. This easy-to-read article explains it all for you.

Basic Economics: The Stock Market
What is the stock market? What is stock? Another big-sounding concept is brought down to earth in this easy-to-read article.

Who Needs Money?
This fun, easy-to-understand article examines the idea of money and then tackles the question of who needs it. What's the answer? Read this article to find out.

Summer Fun: The Economics of the Lemonade Stand
Want to make some extra money during the summer? Start your own lemonade stand. And when you do, remember the economics involved. This fun, illustrated article shows you how to have fun AND make a little extra money at the lemonade stand.

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