Market orange
Economics
Why people buy, sell and choose. 6 bite-sized topics, each with a story and a few fun questions.
Your guide: Arun, a college student who loves chai and cricket.
#1
Scarcity and Choice
Scarcity means our wants are unlimited, but the things we use to meet them (money, time,…
4 questions → #2Opportunity Cost
Opportunity cost is the value of the next best option you give up when you make a choice.
4 questions → #3Demand
Demand is how much of a good buyers are willing and able to buy at different prices, over a…
5 questions → #4Supply
Supply is how much of a good sellers are willing and able to sell at different prices, over…
4 questions → #5Market Equilibrium
Equilibrium is the price at which the amount buyers want equals the amount sellers offer.
4 questions → #6Money and Barter
Money is anything that people widely accept in exchange for goods and services.
4 questions →