Lesson 46 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 Every receipt you've ever seen has this idea inside it.
Prices tell us how much things cost. When the price is high, we pay more money. If the price is low, we pay less. Prices can change based on how many items are available in stores.
Key Facts
Prices show how much things cost.
High prices need more money.
Low prices need less money.
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.
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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