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This video explains the concept of an economy in a simple, concise way for kids and beginners. It could be used by kids & teens to learn about economies, or used as a money & personal finance resource by parents and teachers as part of a Financial Literacy course or K-12 curriculum.
Economics is the study of the economy, or the part of a society that creates wealth. Wealth is not just money. Wealth comes from the production of goods and services, which people buy with money. People who study economics, called economists, look at how people create wealth, how they use it, and how different people get different amounts of it.
22 mar 2024 · The economy is a vast and interconnected system that affects everything from the price tag on your favorite toy to why your parents go to work every day. In this discussion, we’ll start unraveling the mysteries of the economy in a way that’s easy for you to understand.
Money and Finance: Economics for Kids. Economics. What is an economy? An economy is a system for allocating resources to meet people's needs and wants. It determines how goods and services are made and exchanged. The study of the economy is called economics and a person who studies economics is called an economist. The Economy.
The word economy describes how a country or place is doing in making goods, and how much money it has. The amount a country sells and makes is called economic...
30 maj 2023 · Easy Peasy Finance. 32.9K subscribers. Subscribed. 67. 8.9K views 11 months ago Finance 101. This video answers the question "What is an Economy" in a simple, kid-friendly way. The term...
Encyclopædia Britannica, Inc. As a social science that studies how a society’s resources are shared, economics (a) describes and analyzes choices about the way goods and services are produced, distributed, and consumed, and (b) assesses the consequences of those choices. The word “economics” comes from the Greek oikos, meaning ...
