Economics is taught at a very young age. The difference between wants and needs is just one example. Many picture books deal with economic concepts in easy to understand ways. One example is Curious George Goes to a Chocolate Factory by Margret and H.A. Rey’s.
In Curious George Goes to a Chocolate Factory, the man in the yellow hat brings George to a chocolate factory. George is able to over look the whole factory and see how all the delicious chocolates are made. He also gets to sample all the different flavors they offer. Being the curious monkey he is, George snuck down onto a machine and accidently pressed a lever that sped up the conveyor belt. It sped the conveyor belt so fast the workers could not keep on track. Chocolates were falling off the end. These chocolates were no longer good. A monkey could work faster than a human so George went to the end of the belt and boxed all the chocolates. All the workers were ecstatic he saved so many chocolates.
This book demonstrates supply and demand. Supply and demand is one of the most fundamental concepts. Demand refers to how much of a product and or service is desired by buyers. The demand in this book would be the chocolates. Supply is how much the market can offer. Supply would be how many chocolates they can make each day. By George speeding up the cover belt they are making more and the supply increased with his help.
Economics is a very important subject. It is taught at a young age and is a skill used for the rest of your life. Various children picture books display economic concepts.