Series: Economics for Children
Discover the truth about money, its history and how the use of money through saving, spending, earning and investing is the backbone of our economy. Learn how hard work, budgeting and good decision-making are the keys to being able to buy the things you need and want. Students will see how financial institutions like banks can help them earn interest and how personal management of their money directly affects the economy. Show Less
Discover how market research and a business plan can help you own and operate a business in your community. See how factors like scarcity, demand, advertising, the availability of resources, competition and location directly affect the price and sale of goods and services, and a business's ability to make a profit. See the connection between business owners and customers, and observe how decisions and events that affect one business can cause changes in dozens of other businesses in the economy. Show Less
Explore the basic concepts of economics, and learn how people play an important role as both consumers and producers. Find out about wants and needs, goods and services, and scarcity and demand - the basic building blocks of the economy.