Lesson 26 of 84 · Economics
⭐ 30 XP⚓ Market PortInflation: When Prices Rise
Inflation is a general increase in prices over time.
🎯 Your mission
Trade-offs everywhere — find them.
⚡ The twist
Cheap for you usually means expensive for someone else.
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.
Inflation is a general increase in prices over time. High inflation means each dollar buys less. Central banks try to keep inflation moderate for economic stability.
Key Facts
Needs are different from wants.
Supply and demand affect prices.
Trade connects people globally.
Check Your Understanding
Question 1
1 of 2What is the difference between needs and wants?
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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