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Supply is the amount there is of something. Demand is how much people want it. When there's more supply than demand, prices go down. When there's more demand than supply, prices go up. Part of the "Economics Course for Kids" series.
Runtime: 2 minutes 57 seconds
Economics Course for Kids: What Is Economics?
Economics Course for Kids: Micro v. Macro
Economics Course for Kids: Types of Economies
Economics Course for Kids: 4 Economic Sectors
Economics Course for Kids: Goods and Services
Economics Course for Kids: Needs and Wants
Economics Course for Kids: Consumers and Producers
Economics Course for Kids: Supply and Demand
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