Economics for Elementary Students Video with Transcript
Hi, Flat Donald, how are you today? Oh I am doing fine. I’m very happy that you can see me in such a short notice.
So you want to talk to me, what do you want to talk to me about? Well, I want to know what economics is all about and what can I do with economics?
Oh, Flat Donald, that is a very wonderful question and a very important question. As a matter of fact, economics is about making decisions under the conditions of scarcity. What is scarcity?