What is price?

Price is what you give to get something you want.

Imagine you're at a candy store, and you really want a big chocolate bar. But you don’t have any money, that’s like not having coins or notes. The shopkeeper says, “You can have the chocolate if you give me five coins.” That number, five coins, is the price of the chocolate.

Think of it like trading toys with your friend. If you have a red car and your friend has a blue bike, and you both agree to swap them, that’s like a trade, no money needed. But if your friend says, “I’ll take your red car only if you give me three blocks,” then those three blocks are the price of getting the blue bike.

Sometimes, the price can go up or down. Like when the candy store runs out of chocolate, and now you have to pay six coins instead of five, that’s a higher price. Or maybe there's a sale, and you only need four coins, that’s a lower price.

So price is just the amount of something you give to get what you want. It’s like the number on a scoreboard, it tells you how much you have to pay!