Lesson 39 of 84 ยท Trade and Commerce
โญ 30 XPโ Market PortThe Triangular Trade
A budget plans how to spend and save.
๐ฏ Your mission
Trade-offs everywhere โ find them.
โก The twist
Cheap for you usually means expensive for someone else.
Mind = Blown
๐คฏ The first ATM was installed in 1967 โ and used radioactive ink.
Then & Now
๐ฑ This is happening in your local store every single day.
A budget plans how to spend and save. Families, businesses, and governments all use budgets. Creating one involves listing income, expenses, and savings goals.
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.
Find two products that look similar but cost very different. Why?
For the dinner table
โIf you had $20 to start a business, what would you sell?โ
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