Standard 4: Students will explain how the economy meets human needs through the interaction of producers and consumers.
Objective 1: Describe how producers and consumers work together in the making and using of goods and services.
This hands-on activity will help students think about how things are made and who is involved in the process.
Complete Lesson Plan (pdf)
Standard 4: Students will explain how the economy meets human needs through the interaction of producers and consumers.
Objective 1: Describe how producers and consumers work together in the making and using of goods and services.
Time: 2 class periods that run 30 minutes each
This fun activity will allow students to experience the differences between the different types of production as they create booklets in an assembly line.
Standard 4: Students will explain how the economy meets human needs through the interaction of producers and consumers.
Objective 2: Describe the choices people make in using goods and services.
Giving Vicki Credit is an interactive story that explains credit, borrowing, and lending. Show the pages on the LCD projector from the teacher computer and read out loud or have students take turns reading. There is an assessment at the end. Fun follow-up activities at the links below.
Standard 4: Students will explain how the economy meets human needs through the interaction of producers and consumers.
Objective 2: Describe the choices people make in using goods and services.
Explain the following (PPT): Producers are people who make goods or provide services. Producers receive income for their work.
Consumers are people who buy services and goods. Consumers have many choices to make about what to buy.
Consumers cannot buy everything they would like to because money is limited. People’s choices about which goods and services they want and need determine what producers make.
Goods are physical objects that are made that can be weighed or measured.
Services are tasks performed by people or machines.
Center Activities:
To end the activity, play “Clap-Clap/Stomp-Stomp” Students clap when you call out a good, stomp when you call out a service.