economy supplyand demand
TRANSCRIPT
Is not just moneyIt’s about money.
Buying and Selling
Did you know …
Barter – the oldest form of buying and selling
VALUABLE
Precious metals came To be thought of as
the process of stamping pieces of metal
so be used as money
MINTING:
U.S. Mint Facilities
We earn
And Spend
This is the basis of our
economy.
Economy
It is …
IT IS …
Businesses
- And how they work
It is …
IT IS …
Allowances
AND DECISIONS
What else?
Supply
and DEMAND
Supply
Demand
Separate things Discussed together
Supply:
How much is available?
Demand:
How much people want
How are they related?
PRICE!
Pri
ce
Dem
an
d
Why?
You want it? I’ve got it!
Price
Dem
an
d
Why?
Where else can this happen?
When demand is
greater than supply …
Dem
an
d
Sup
ply
December 25
When demand decreases …
$ 499.00$ 299.00
$ 199.00
What does this mean?
Generally …
If Buyers demand more,
price increases
If Buyers Demand less,
price decreases.
If sellers supply more,
price decreases
If Sellers supply less,
price increases
What does it all mean?
Very
STRONG market concepts
When we examine the two …
We find out more
about what people like to
BUY and
SELL
This s …
Business Owners
Sellers
and Consumers
You
We earn
And Spend
This is just a SMALL part
of our
Economy