Buying Goods and Services

People cannot buy or make all the goods and services they want; as a result, people choose to buy some goods and services and not buy others. People can improve their economic well-being by making informed spending decisions, which entails collecting information, planning, and budgeting.

Related Lessons on Virtual Economics 4.0

  • Managing Your Money (Financial Fitness for Life: Theme 3, Lesson 8);
  • What’s the Cost of Spending and Saving? (Financial Fitness for Life: Theme 5, Lesson 20)
  • Creating and Using a Budget (Capstone, Unit 3: Lesson 17)
  • Financial Institutions (Capstone, Section 2)
  • The Mathematics of Credit Card Interest and Fixed Payments (Mathematics and
    Economics, Lesson 15)
  • Cash Flow and the Successful Entrepreneur (Entrepreneurship in the U.S. Economy, Lesson 22)
  • Banking Basics (Financial Fitness for Life: Theme 3, Lesson 9)
  • How to Really be a Millionaire (Financial Fitness for Life: Theme 1, Lesson 1)

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