21
Lesson 21 of 84 · Economics
Advertising and Consumer Choices
Advertising informs consumers about products and tries to persuade them to buy. Understanding ad techniques helps consumers make smarter spending choices.
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?