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Old Toy - New Market
Source: Council for Economic Education (EconEdLink) | Type: Lesson
Students explore the LEGOLAND theme parks and demonstrate an understanding of how new markets can be created and that cultural and social differences can affect these markets.
Grades:
Concepts:
- Goods
- Markets
- Profit Motive
- Services
Standards:
- Economics 1: Scarcity
- Economics 7: Markets - Price and Quantity Determination
- Economics 14: Profit and the Entrepreneur
Related Resources:
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