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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.

from Teachers Pay Teachers

Holiday Economics {A Social Studies Unit}

Goods & Services, Producers & Consumers, Needs vs. Wants, Supply & Demand