Understanding economics

I think that everyone should understand economics because it’s very important. Especially for teens , because they need to know all about economics so they won’t be clueless for when they enter adulthood. Some people say the economics is too difficult to be taught to children and teens, and that such instruction should wait until college. But that’s totally incorrect. Economic literacy contributes to the first and second class of knowledge . The development of economic literacy must begin in the schools . Young children are capable of learning basic economic concepts ( Minneapolisfed) .