31
Lesson 31 of 84 · Trade and Commerce
NAFTA and Modern Trade Deals
Henry Ford's assembly line divided production into small repeated tasks, dramatically reducing car costs and making automobiles affordable for ordinary families.
Key Facts
1
Needs are different from wants.
2
Supply and demand affect prices.
3
Trade connects people globally.
Check Your Understanding
Question 1
1 of 2What is the difference between needs and wants?