Learn about some of the key ideas that influenced early economic thinkers, such as Adam Smith, in this video.
Practice this yourself on Khan Academy right now: https://www.khanacademy.org/economics-finance-domain/macroeconomics/macro-basic-economics-concepts/macro-scarcity/e/introduction-to-scarcity-and-the-economic-way-of-thinkinghttps://www.youtube.com/watch?v=iy-fhpbTH9E&list=PLSQl0a2vh4HDERCw_ddanXbsDpFWcpL-S&index=3
Economics on Khan Academy: Economics is the study of individuals and societies allocate scarce resources. Learn how markets work, how individuals maximize their happiness and firms maximize profits, and how economies grow. We hit the topics you would expect to see in high school and college level introductory economics courses.
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