Lesson 9 of 84 ยท Economics
โญ 30 XPโ Market PortTrade and Barter
Trade is exchanging goods and services.
๐ฏ Your mission
Follow the money. Then follow the choices.
โก The twist
Trade isn't just stuff โ it's ideas, words, and germs.
Mind = Blown
๐คฏ The first ATM was installed in 1967 โ and used radioactive ink.
Then & Now
๐ฑ This is happening in your local store every single day.
Trade is exchanging goods and services. No person, community, or country can produce everything they need, so trade allows everyone to benefit from specialization.
Key Facts
Money is a medium of exchange.
Needs are different from wants.
Supply and demand affect prices.
Check Your Understanding
Question 1
1 of 2What is trade?
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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