Lesson 33 of 84 · Economics
⭐ 30 XP⚓ Market PortNeeds vs. Wants
Economics studies how people, businesses, and governments make choices about using limited resources to satisfy unlimited wants.
🎯 Your mission
Follow the money. Then follow the choices.
⚡ The twist
Trade isn't just stuff — it's ideas, words, and germs.
Mind = Blown
🤯 The first ATM was installed in 1967 — and used radioactive ink.
Then & Now
💱 Every receipt you've ever seen has this idea inside it.
Economics studies how people, businesses, and governments make choices about using limited resources to satisfy unlimited wants.
Key Facts
Supply and demand affect prices.
Trade connects people globally.
Every choice has an opportunity cost.
Check Your Understanding
Question 1
1 of 2What are goods?
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
“If you had $20 to start a business, what would you sell?”
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Needs vs. Wants
Follow the money. Then follow the choices.
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