Grade K-2
,
Activity
I am a Producer and a Consumer
Objective
Students will be able to:
- Identify differences between producers and consumers.
Standard
National Standards in Economics
Markets and Prices
Standard: 7
- Students will understand that: Markets exist when buyers and sellers interact. This interaction determines market prices and thereby allocates scarce goods and services.
- Students will be able to use this knowledge to: Identify markets in which they have participated as a buyer and seller and describe how the interaction of all buyers and sellers influences prices. Also, predict how prices change when there is either a shortage or surplus of the product available.
![](https://preview2.econedlink.org/wp-content/uploads/2021/07/iStock-1182434467-1024x775.jpg 1024w, https://preview2.econedlink.org/wp-content/uploads/2021/07/iStock-1182434467-300x227.jpg 300w, https://preview2.econedlink.org/wp-content/uploads/2021/07/iStock-1182434467-768x581.jpg 768w, https://preview2.econedlink.org/wp-content/uploads/2021/07/iStock-1182434467-1536x1162.jpg 1536w, https://preview2.econedlink.org/wp-content/uploads/2021/07/iStock-1182434467-100x76.jpg 100w, https://preview2.econedlink.org/wp-content/uploads/2021/07/iStock-1182434467.jpg 1991w)
In this economics activity, students will distinguish between tasks of producers and consumers.
Resources
Procedure
This is an individual activity where students will distinquish between tasks performed by producers and consumers. To complete this activity, students need to follow the directions below:
- Go the the Producer and Consumer Quizizz or complete the ReadyAssessments Activity
- Identify the tasks of producers and consumers after looking at the picture.
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