Grade K-2
,
Activity
Matching Goods and Services
Objective
Students will be able to:
- Identify goods, services, consumers, and producers.
Standard
National Standards in Economics
Scarcity
Standard: 1
- Students will understand that: Productive resources are limited. Therefore, people cannot have all the goods and services they want; as a result, they must choose some things and give up others.
- Students will be able to use this knowledge to: Identify what they gain and what they give up when they make choices.
Concepts
![](https://preview2.econedlink.org/wp-content/uploads/2021/08/iStock-475438008-1024x847.jpg 1024w, https://preview2.econedlink.org/wp-content/uploads/2021/08/iStock-475438008-300x248.jpg 300w, https://preview2.econedlink.org/wp-content/uploads/2021/08/iStock-475438008-768x635.jpg 768w, https://preview2.econedlink.org/wp-content/uploads/2021/08/iStock-475438008-1536x1270.jpg 1536w, https://preview2.econedlink.org/wp-content/uploads/2021/08/iStock-475438008-100x83.jpg 100w, https://preview2.econedlink.org/wp-content/uploads/2021/08/iStock-475438008.jpg 1904w)
In this economics activity, students will match key terms with the appropriate pictures.
Resources
Procedure
This is an individual activity where students will review the terms good, services, consumers, and producers. Choose which format students will complete the quiz: Matching Goods and Services Quiz or the ReadyAssessments Activity.You can facilitate student work by checking the answer key in real time. To complete this activity, students need to follow the directions below:
- Go to either Matching Goods and Services Quiz or the ReadyAssessments Activity.
- Match the terms with the correct pictures.