United States Economy
videos and images to represent the US economy
This is an example of water scarcity. There is not enough supply (amount of water) for the demand (people needing fresh water). This is how it relates to the economy. Products and services can become scarce and there will not be enough supply for the demand.
This picture represents a market. This is a farmers market where farmers and small companies can sell products at a price they choose. Markets relate to the economy because they are places where prices of goods and services are determined as the exchange takes place.
This picture represents competition because it is a struggle between two groups. In the US economy, competition is the struggle between buyers and sellers to get the best products at the lowest price. This picture is a struggle between two sides to win.