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Lesson 16 of 84 · Economics
The History of Money
Money has taken many forms: shells, beads, metal coins, paper bills, and now digital transactions. Paper money was invented in China around the 7th century.
Key Facts
1
Needs are different from wants.
2
Supply and demand affect prices.
3
Trade connects people globally.
Check Your Understanding
Question 1
1 of 2What is the difference between needs and wants?