Lesson 67 of 84 · Economics
⭐ 30 XP⚓ Market PortSupply and Demand
Goods are physical products like bicycles and sandwiches.
🎯 Your mission
Trade-offs everywhere — find them.
⚡ The twist
Money is just a story everyone agrees to believe.
Mind = Blown
🤯 The first stock exchange was in Amsterdam in 1602 — for spices.
Then & Now
💱 This is happening in your local store every single day.
Goods are physical products like bicycles and sandwiches. Services are actions done for others: haircuts, medical care, teaching. Both have value in the economy.
Key Facts
Every choice has an opportunity cost.
Money is a medium of exchange.
Needs are different from wants.
Check Your Understanding
Question 1
1 of 2What happens when demand is high and supply is low?
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
“If you had $20 to start a business, what would you sell?”
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Supply and Demand
Trade-offs everywhere — find them.
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