vocabulary
A person who helps without being paid.
VOLUNTEER
This person makes goods or provides services.
These are things you can buy like toys or clothes.
GOODS
Money people pay to help the community.
What are taxes?
Giving something to get something back.
TRADE
What is technology?
Science tools to help people today like computers and phones.
If you buy a toy at a store, you are this.
CONSUMER
Food, water, and shelter are examples of this.
NEEDS
Firefighters and police are paid using this.
What are taxes?
Not having enough of something.
SCARCE
What is groceries
Food we buy at the store
A baker makes bread and you buy it. Name BOTH roles.
: What is producer (baker) and consumer (you)?
Why should people buy needs before wants?
What is because needs are necessary to live?
Explain why communities would have problems if people stopped paying taxes.
What is services like police and schools would not work?
Why can’t people buy everything they want?
Not enough money or resources
Where are goods made?
FACTORY
Explain how one person can be BOTH a producer and a consumer.
What is they make something (producer) and also buy/use things (consumer)?
Explain why water is always a need but soda is a want.
Water helps us live
Compare earning money from chores vs. a job. What is the same and what is different?
What is both earn money, but jobs are more regular and official?
Why do farmers need trucks to bring food to stores?
What is to transport goods so people can buy them?
What is OPPORTUNITY COST
When we give up something to buy another thing
Explain how producers, consumers, and goods all work together in one example.
What is producers make goods, consumers buy them, and goods are the items being sold?
Where we live
If there are only 3 apples but 5 people, what problem is this?
SCARCITY
What does Habitat for Humanity DO?
Make houses for the homeless