Junior MBA
Lesson 4: Economic Principles Of Choices
Junior MBA
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Introduction to Money
What Is Money? History And Evolution (Barter → Coins → Digital)
Functions Of Money: Medium Of Exchange, Store Of Value, Unit Of Account
4 Types Of Money
The Economic Principles Of Money: Value, Trade, Scarcity, Circular Flow, And Trade-Offs
Human Needs By Maslow
Needs Vs Wants
Decision-Making With Limited Resources
Economic Principles Of Choices: The Law Of Supply And Demand, Opportunity Cost, Behavioral Economics, Risk Vs Reward, And Cause And Effect