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The concept of supply and demand is often called the heart and soul of economics. It is the foundation for much of what is studied in the field. Understanding how supply and demand affect the economy helps us recognize economics everywhere in our daily lives.

The concept of supply and demand is often called the heart and soul of economics. It is the foundation for much of what is studied in the field. Understanding how supply and demand affect the economy helps us recognize economics everywhere in our daily lives.

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ECONOMY💰- The picture shown is Saudi Arabia on the economic continuum. Saudi Arabia is a mixed market economy. This means that it is not a pure market or command economy, but is in the range between mixed (the middle) and market (the far right). A mixed market economy is when both the people and the government decide on economic decisions, but the people have more power in the economy rather than the government.

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from The Things I Love Most

Book Review: The Tuttle Twins and the Miraculous Pencil by Connor Boyack; illustrated by Elijah Stanfield

The book The Tuttle Twins and the Miraculous Pencil is a great book to teach children about the free market economy

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from Teachers Pay Teachers

Economics: Supply and Demand

Students identify the cause-effect relationships between supply/demand and the price they pay in a market economy. A printable from my lesson - Economics: Supply and Demand.

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from target.com

Empowering the Market Economy Through Innovation and Entrepreneurship (Hardcover) (A. Coskun Samli)