ABC KIDS News Time cover image

Cost of Living special

ABC KIDS News Time

00:00

The Importance of Inflation

Economy is the way goods like toys and services are made and exchanged, usually through buying and selling them with money. Inflation happens for a few reasons including when there aren't enough to go around because so many people want one of those things. There's also another reason and that's the unpredictable things like natural disasters. Ruby: We sell chaos, we sell our animals to get money from them. The government makes the money, then people work to get the money but then they have to spend the money. Money makes me happy because that means I can get food and water.

Transcript
Play full episode

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
Get the app