14
Lesson 14 of 84 · Trade and Commerce
Fair Trade: Ethical Commerce
Entrepreneurs identify needs, develop products or services, and take risks to bring them to market. Many large companies started as small ventures by innovative entrepreneurs.
Key Facts
1
Money is a medium of exchange.
2
Needs are different from wants.
3
Supply and demand affect prices.
Check Your Understanding
Question 1
1 of 2What is trade?