How Our Economy Works
Learning Object — Lesson
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Lesson: How Our Economy Works
Learn why we work and why we spend.
Student Application
Learn why we work and why we spend.
Learning Objectives
- Students will know how people earn money. People earn money by working at jobs.
- Students will understand the difference between producers and consumers.
- Producers are those people who make or grow goods to sell, or those people who sell services. Goods include computers, automobiles, food...
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- Producers are those people who make or grow goods to sell, or those people who sell services. Goods include computers, automobiles, food...
Supporting Activities
- To spend or not to spend: Prepare three pictures of items the students may wish to purchase: one should cost $150 (a 13" television); one should cost $2500 (a trip to Hawaii); and one should represent an unplanned expense (a $90 automobile tire). The unplanned expense should remain hidden from the class. Tell the students that they each have...
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