Scarcity
This video teaches the concept of Scarcity. The total resources of society, including natural resources, human resources, capital goods and entrepreneurship, are limited, causing scarcity to exist.
Key Concepts
Cost/Benefit Analysis, Decision Making, Economic Systems, Opportunity Cost, Productive Resources, Scarcity, Trade-off, Wants
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INTERACTIVE TOOL REVIEWS
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“I would love to embed the html code for this, and other videos, on my website so students can reference them. As a flipped classroom teacher I need to be able to cleanly link to the videos and it would bring more people to your site.
EconEdLink: At this point the best option is to link to the lesson and/or site for the video. If it is a PBS video (Making Sen$e with Paul Solman you can link directly to the video on their site but you lose the Question ability from EconEdLink)”
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