Buying and selling goods and services

Buying and selling goods and services

I can explain how people use money to buy goods and services.

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Buying and selling goods and services
Teacher
Kids

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General

In this lesson, students will learn about the types of goods and services they might encounter in their daily lives. They will learn to distinguish between them as well.

Learning objective

Students will be able to explain how people use money to buy goods and services.

Introduction

First, students will use their prior knowledge to discuss what they think goods and services are with prompts.

Instruction

Students will discuss vocabulary words like goods, services, jobs, buyers, and sellers. They will complete a few activities about these concepts: sorting goods and services into categories, telling what kinds of goods and services they would buy at each type of market or business, filling in sentences with words from a word bank. Students will also turn and talk to discuss what goods and services they can find in their communities.

Quiz

Review lesson concepts with 9 multiple-choice questions.

Closing

Think/Pair/Share: Students will think about different types of jobs. They will then draw a picture of a job they might want to do when they grow up and write about it.

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