vs. Need: Basic
A want is something you could have, and a need is something
you have to have. Sounds simple, right? Sometimes, it's not
that easy. Read this article, and you'll understand more
about wants and needs.
and Demand: Basic
Supply and Demand are two of the most basic concepts in
economics. This fun, illustrated article explains these
terms in words you can easily understand.
Economics: Scarcity and
Scarcity is how little of something is available. It forces
us to make choices, like how much of something to buy or how
much money to spend on something. Scarcity is one of the
most basic concepts of economics. Find out more in this
This fun, easy-to-understand article examines the idea of
money and then tackles the question of who needs it. What's
the answer? Read this article to find out.
Fun: The Economics of the Lemonade
Want to make some extra money during the summer? Start your
own lemonade stand. And when you do, remember the economics
involved. This fun, illustrated article shows you how to
have fun AND make a little extra money at the lemonade