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Learn about the concept of scarcity, a crucial concept in the field of economics. Examine various examples of scarce resources (e.g. caviar, labor, housing) as well as free resources (e.g. air, water in certain contexts) as you learn how economics is a study of how to allocate scarce resources.
- Introduction to Economics
In this video, we introduce the field of economics using...
- Introduction to Economics
This article discusses the concept of scarcity in microeconomics. It covers the two types of scarcity (absolute and relative), and how scarcity informs the decisions we make. It also touches on key concepts like opportunity cost, supply and demand, and how different economic systems handle scarcity differently.
In this video, we introduce the field of economics using quotes from the person that many consider to be the "father" of economics: Adam Smith. Topics include the definition of economics, microeconomics, and macroeconomics as a field and the role of assumptions in economic decisionmaking. Created by Sal Khan.
Scarcity is a basic concept of economics. How little of something is available can affect many choices, including how much you can get, how much you do get, and how much more you want.
Scarcity - Explore Economics Video Series. This video helps kids understand that because of scarcity, people must make choices. To provide students with online questions following this video, register your class through the Econ Lowdown Teacher Portal. Preview the Scarcity video Q&A.
11 mar 2023 · In this video, we'll introduce young learners to the concept of scarcity and opportunity cost. We'll explain how scarcity means that there are limited resources available to us, and that we...
20 cze 2023 · Access our free online course and study material at kidzeconomy.com Welcome to 'Scarcity 101: Teaching Kids the Economics of Limited Supply! In this engaging and educational video, we...
