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How does basic economics impact individuals and communities? (What is…
How does basic economics impact individuals and communities?
What is supply?
How does supply and demand affect me?
What are the effects of scarcity?
Are there things I can do at home when there is scarcity?
How could I conserve resources?
How does supply and demand affect my budgeting?
How will my budget change because of this?
What is demand?
What is scarcity?
What are consumers?
What kinds of things do I consume?
What do I consume daily?
What do I consume weekly?
What is trade?
How might trading and bartering change my budget?
What are producers?
What kinds of things do I consume?
How are producers beneficial to the community?
What is specialization and division of labor?
What are goods?
What are wants?
What are some goods I want?
What are needs?
What are some goods I need?
How does opportunity cost affect my budgeting?
What are services?
What services do I uses?
What services do I provide?