Many of the things we have learned in economics are related to money and the market. Why are people willing to pay? Is one industry better than the other? What is the economic future of this country or the world? These are important questions for economists and come with some basic terms. Supply and demand is the first thing we have learned in economics. Supply describes the amount of things available for sale, and demand refers to the willingness to buy it. If the supply is higher than the demand, the market will lose its balance and the cost will usually fall. If the demand is greater than the available supply, the opposite is true because the item is more desirable and more difficult to obtain. Flexibility is another key concept in economics. Essentially, what we are talking about is how much the price of something fluctuates before it has a negative impact on sales. Resilience is tied to demand, and some products and services are more resilient than others. As you might expect, many of the factors in economics are related to financial markets. This is also a complex issue where you can dive into many subtopics. First, it is important to understand the positioning of prices in the market economy. At its core is information and so-called contingent contracts. Essentially, this type of arrangement regulates the price paid based on external factors: if X happens, then I will pay so much. One question for many investors is “What happens to my money when the stock price falls?” The answer is not easy. It is important to understand how it works before you enter the stock market.