Lesson 16 of 84 ยท Economics
โญ 30 XPโ Market PortHow Prices Work
Prices tell us how much things cost.
๐ฏ Your mission
Spot the cost behind the price.
โก The twist
Trade isn't just stuff โ it's ideas, words, and germs.
Mind = Blown
๐คฏ The first stock exchange was in Amsterdam in 1602 โ for spices.
Then & Now
๐ฑ This is happening in your local store every single day.
Prices tell us how much things cost. When prices go up, things become more expensive. When prices go down, things become cheaper. People decide what to buy based on these prices. If you want a toy, you check its price first. Prices help us make choices every day.
Key Facts
Prices show how much something costs.
Higher prices mean things are more expensive.
Lower prices mean things are cheaper.
Check Your Understanding
Question 1
1 of 2What do prices tell us?
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.
Find two products that look similar but cost very different. Why?
For the dinner table
โIf you had $20 to start a business, what would you sell?โ
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