Did You Know?
Prices can change just because of what people want!
What Makes Prices Go Up?
When many people want to buy, prices rise.
What Happens to Local People?
Local kids may find it hard to buy homes.
What pecuniary externality Does
It makes prices go up or down.
More buyers can mean higher prices.
Local kids may have less chance to buy.
It is about money, not how much stuff.
Prices can change fast with many buyers.
It shows how people affect each other.
More About pecuniary externality
When a lot of people want the same thing, it can change how much it costs. This has been true for a long time. In towns, when more people move in, prices can rise fast. This can make it hard for those who live there.
In our lives, we see this with homes and toys. If many kids want the same toy, the price can go up. This can make it hard for some kids to get what they want.
In the future, we may see more of this. As more people move to cities, prices may keep going up. It is good to think about how this can change our lives.
