In this video, we'll introduce young learners to the concept of scarcity and opportunity cost. We'll explain how scarcity means that there are limited resources available to us, and that we need to make choices about how to use them.
We'll use fun and relatable examples to help kids understand the idea of opportunity cost, which is the concept that whenever we make a choice, there is a cost associated with it. For example, if you choose to buy a toy, the opportunity cost is that you can't use that money to buy something else, like a book or a game.
By the end of this video, kids will have a better understanding of what scarcity and opportunity cost are, and why they are important concepts to understand when it comes to decision-making. If you're a parent or teacher looking for a fun and engaging way to teach kids about economics and decision-making, be sure to subscribe to our channel for more informative videos like this one. Thanks for watching!
For accompanying resources to this video, do check out the link to my store.
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