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Our Basic Economy
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Theme: |
Understand Concepts of Goods/Services and Consumer/Provider
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Grades: |
3 - 5
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Subject: |
Social Studies
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Duration: |
60-75 minutes
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Standards
& Goals: |
New Jersey Core Curriculum Content Standards
6.5A
- Distinguish between goods and services
- Explain the functions of money in the economy
- Define consumers as buyers and producers as workers and sellers
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Objectives: |
Students will:
- Define and demonstrate understanding of goods, services, consumers and providers
- Explain the ways everyone is both a seller and a buyer
- Develop a simple understanding of the basics of our economic system
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