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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