M is for Money: An Economics Alphabet

M is for Money: An Economics Alphabet — page 1 — Economics is nothing new Scientists believe the idea of economics or managing resources is about 10 000 years old It began when the first humans settled in one place to grow crops Prior to that for nearly two million years people survived as hunters and gatherers These nomads moved often from one place to another in search of wild plants and animals to eat When they accumulated an abundance of food they were able to settle down Since he no longer had to spend his time finding food early man turned to growing food This led to larger farms that could grow more crops The ability to produce an abundance of resources in this case food was necessary for the beginning of an economy Hunters and gatherers still exist in the world today but they are very few number in

M is for Money: An Economics Alphabet — page 2 — A is for Abundance If you grow a plentiful crop more than you'll ever need Your abundance can be traded feed for meat or tools or

M is for Money: An Economics Alphabet — page 3 — B is for Build Being a successful farmer means a family need They can settle in one and build a permanent

M is for Money: An Economics Alphabet — page 4 — When the early people no longer lived as nomads they found it necessary to find more permanent shelters Using natural resources like clay earth stone and wood they built lodgings In addition to homes they also built markets and temples The more structures that were built in one place the more people wanted to stay and live in that place These permanent settlements helped early economies to grow as people traded for the food goods and services they needed to survive farmer need not roam one spot home permanent

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