01.07 The Green and What It Means
Money versus Currency
We often think of money and currency as one in the same when, in fact, currency is one type of
money. Can you think of other types of money?
>Debit cards, Bonds, Coffee Beans
Four Functions of Money
01.06 The Soap Opera of Supply and Demand
The point where the supply and demand curves meet (also known as the equilibrium point)
identifies the equilibrium price. This is how much suppliers should charge for their product.
When Price an
Sellers and Their Choices
We know that as consumers, our behavior can affect the price of a good or service. Sellers also
make choices that affect the supply of a good or service. In this lesson, we will explore how a
seller's decision can af
03.06 Building a Better Business
Do you have a job? Perhaps you are already familiar with the term "minimum wage" and with some of the
frustrations that workers experience.
This group of workers is frustrated because the boss said there are to
03.04 Selling It!
Have you ever watched a reality show where contestants compete for a single prize? Some contestants try to
keep to themselves but others make and break deals with each other. What motivates them to team up? What
is the s
01.03 Why Can't I Have It All?
What do you do after school hours? What about your friends? See if you can guess the most
common answers in the following activity.
Top eight activities teens do:
1. Hang Out with Friends/Family
When we list the various amounts that people will pay for a certain item, we can create a demand
schedule or table. Based on this schedule, we can draw a graph to illustrate overall demand for
the good or service. Demand (D) is the "whole cur
03.03 Who Is the Boss?
Lori is a sole proprietor, one of a variety of options available to business owners. In this
lesson, you will examine the different ways to organize a business.
Sole proprietor: single owner of a business.
Profits: what remains afte
03.02 What Are Factors of Production?
Factors of production: all of the resources necessary to create a good or service.
What are the factors of production and why do they matter?
One of the first steps to opening a new business is to identify all the res
03.05 Getting the Most for Your Money
You may say that you should set the price higher than the cost of production in order to reap a profit. You may
even mention supply and demand. Those reasons make sense, but are only part of the story.
A business owne
A woman is enjoying the beautiful day with her dog on her lunch break as she takes a walk.
However, unknown to her is the fact that her skin might be very well fighting for her life as she
takes this pleasant stroll in the sun. UV rays ar