Economics In Daily Life

Economics is a study of how we use opportunities, spend time, make choices, respond to incentives, and share limited resources. Join us in this lively exploration of basic economic ideas we use everyday. Learn about cost, supply and demand, prices, profits and losses, and trade using everyday examples from making a bed to buying an ice cream cone to sharing housework. Discover how "the invisible hand" guides everyday decisions.

22 minutes.
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