What is Economics? An Intro to Economics

Welcome to an introduction to economics! In a basic sense, economics is the study of the choices people make to satisfy their wants and needs with a limited supply of resources. In this video, you'll learn about the difference between wants and needs, goods and services, the concepts of resources and scarcity along with the three basic economic questions. Free to watch on Dr.Doc Kids.

Courtesy of Pursuit of History on YouTube. Watch on YouTube ↗

More Dr.Doc Kids: Money & Crypto

What is Inflation? | Read Aloud by Reading Pioneers Academy2023•8m•HDLittle Daymond Learns To Earn | Teaching Kids about Business, Finances and Entrepreneurship2024•8m•HDMoney & Making Change2019•55m•HDThe Money Song | Canadian Coins Song2020•3m•HDSave or Spend Money2025•7m•HDSAVING and BUDGETING for Kids Finance for All2026•9m•HDBank | Virtual Field Trip | KidVision Pre-K2014•7m•HDThe History of Money: Barter, Fiat and Bitcoin2023•4m•HDWhat is the Stock Market? - Super Simple Money for kids and beginners2021•4m•HDThe Basics of the Stock Market for Kids Trading and Investing2026•6m•HDEconomics for Kids: Goods and Services2020•3m•HDThe History of Money for Kids | From Barter to Digital Payments2026•7m•HD