Institutions evolve in market economies to help individuals and groups accomplish their goals. A different kind of institution, clearly defined and enforced property rights, is essential to a market economy.
Money makes it easier to trade, borrow, save, invest, and compare the value of goods and services.
Have students compare the video version to the Web news story. Have students consult local banks or other resources to learn about compound interest and how it works. You might invite a local banker to explain the different kinds of interest one can earn on savings, and how teens benefit from saving money. Teens can learn to manage their money by creating a budget worksheet. Some students don't know where to start when it comes to creating a budget or personal financial plan, because they don't keep track of their income and expenses.