economics
Economics is like a big game where everyone trades things they have for things they want. Imagine you have a basket of apples and your friend has a basket of oranges. You both decide how many apples are worth one orange. This is called trading. In economics, people trade not just apples or oranges, but all sorts of things like toys, books, or even services like haircuts!
Think of economics like a giant puzzle. Each piece of the puzzle is a choice people make. When you decide whether to buy a toy or save your money, you are making an economic choice. These choices help put the puzzle together, showing us how people use their money and resources.
Economics can also be seen as a story about sharing. If there’s a big cake, economics helps decide how to cut and share it so that everyone gets a piece. Sometimes, people want more cake than there is, so they have to figure out who gets what. This helps everyone get what they need or want in the fairest way possible.