Economics: The careful use of money, resources and means of production. The system of how money is made and used within a particular country or region. A region's economy is connected with things like how many goods and services are produced and how much people can spend on these things.
Valentines Day Expenses:
Chocolate
Stuffed animals
Roses
Chocolate covered strawberries
Companies raise prices of these products knowing they will be in high demand during this time. Companies can make much more money when the items are popular.
Goods: Products made or grown
Services: The work someone does for others
Increase/ Raise: To make more
Decrease: To make less
Supply: The amount of a product or resource
Demand: The consumer's desire and willingness to pay a price for a specific good or service
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