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
Money is just a story everyone agrees to believe.
Mind = Blown
๐คฏ Money used to be made of cocoa beans, salt, and even giant stones.
Then & Now
๐ฑ Every receipt you've ever seen has this idea inside it.
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.
Track every dollar you spend or get this week. Then figure out the pattern.
For the dinner table
โIf you had $20 to start a business, what would you sell?โ
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