Monday, October 24, 2011

Social Studies: Economics

We're just about finished with our study of economics! We started out by learning the difference between needs and wants. Then, we learned that people buy goods and services in the community. Finally, we looked at how goods are produced, and the process of production from raw material to finished product.

Here are some activities that you can try!

Goods and services interactive
Do you know the difference between goods and services? This interactive helps you to sort them.

Goods and Services
This page explains the difference between goods and services.

How people make things
Old but good! This link takes you to a variety of factory tours.

Extension: Colonial Economy
We've looked at the basics of economic systems. At this site, you can learn about the economy of colonial New York.

History of Money
Learn interesting facts about money with these games from the U.S. Mint.

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