Lesson 26 of 84 ยท Economics
โญ 30 XPโ Market PortBuying What We Need First
Stores are places where people buy goods.
๐ฏ Your mission
Trade-offs everywhere โ find them.
โก The twist
Cheap for you usually means expensive for someone else.
Mind = Blown
๐คฏ The first ATM was installed in 1967 โ and used radioactive ink.
Then & Now
๐ฑ Every receipt you've ever seen has this idea inside it.
Stores are places where people buy goods. Some stores sell food, some sell clothes, and some sell many different things.
Key Facts
Needs are different from wants.
Money helps people buy things.
Saving means keeping money for later.
Check Your Understanding
Question 1
1 of 2What is the difference between needs and wants?
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.
Track every dollar you spend or get this week. Then figure out the pattern.
For the dinner table
โIf you had $20 to start a business, what would you sell?โ
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