Lesson 77 of 84 · Economics
⭐ 30 XP⚓ Market PortHow Factories Make Products
Factories use machines and workers to produce large quantities of goods.
🎯 Your mission
Spot the cost behind the price.
⚡ The twist
Cheap for you usually means expensive for someone else.
Mind = Blown
🤯 Money used to be made of cocoa beans, salt, and even giant stones.
Then & Now
💱 Every receipt you've ever seen has this idea inside it.
Factories use machines and workers to produce large quantities of goods. The factory system made products cheaper and more widely available during the Industrial Revolution.
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.
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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