Economics is all about studying how people, businesses, and countries manage their wealth 💰

💡Economics = how we produce, distribute, and consume goods and services. ⚖️

💡An economy = the system where earning, spending, and managing wealth happens! 🏙

Imagine you only have $5 in your pocket for the entire day.

You have to decide whether to buy a burger for lunch or to save it for dinner. 🍔

That's what economics is all about: making choices based on the resources you have! 🤔

It helps us understand why people make certain decisions and how these decisions affect the world around us. 🌏

It helps us decide whether to save or spend, to work or play, and even to study or sleep! 🛏️

Everybody has to make decisions. . .

People have to choose what to spend money on and businesses have to work within their company budget. 💸

So next time you have to decide how to use your resources, remember you're practicing economics! 🤩

Now you've taken your first step into the world of economics. Congrats! 🎉