The field of economics studies how people and nations choose the things they buy from among the many things they want. Most people and countries want more things than they can buy. In all locations, the resources used to produce goods and services are scarce or limited. No country has enough farms, factories, or workers to produce everything that everyone would like to have. Money is also scarce.
Few people have enough money to buy everything they want when they want it.
People everywhere must choose the best possible way to use their resources and money. This site introduces the basic concepts of economics and contains information, quizzes, activities and links to other resources. This is a starting point for economics information with feature articles, web link library, economic data, and more. This site aims at economic literacy for kids and maintains that for kids, economics is fun. This is the original program aimed at teaching about economics, finance, and the American economic system.