Prices are the amounts of money that people pay for goods and services. They can vary based on factors like demand, supply, and competition. For example, if many people want to buy a new smartphone, the price might go up. Conversely, if there are too many smartphones available and not enough buyers, the price may drop. Understanding prices is important for budgeting and making smart purchases. When shopping, it's helpful to compare prices at different stores or online platforms to find the best deal. This way, you can save money and get the most value for your hard-earned cash.