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. ___ Thanks for watching! If you liked this video and/or learned something new, go ahead and hit the “thumbs up“ button. Subscribe to the channel to stay up-to-date on new videos, too! Let’s keep pursuing history together. :) ___ Some clip art used throughout the video is from the amazing The Artventurous Life: Music (all copyright free in YouTube Audio Library): The Curious Kitten - Aaron Kenny Everything You Wanted - Dan Lebowitz Twilight Train - Dan Lebowitz Jeremiah’s Song - Dan Lebowitz ___ Copyright: Please do not reupload this video on YouTube or other social media websites or apps. You do not have permission to translate it into other languages or reupload the images, designs or narration to other YouTube channels or social media platforms.