Scarcity and Opportunity Cost | Economics Explained

Описание к видео Scarcity and Opportunity Cost | Economics Explained

What is scarcity? What is opportunity cost? This video explains economic concepts such as scarcity and opportunity cost and how they lead to making financial choices.

Interested in learning more? Visit our website for more economics lessons and resources: https://www.stlouisfed.org/education/...

00:00 - Intro
00:10 - Scarcity Example
01:19 - Opportunity Cost Explained
02:59 - Scarcity & Opportunity Cost Summary

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#economy #economics #inflation #choices #finance #money #teacher #students

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