Economy Extravagnza
Focus Standards:
SS3E1 Define and give examples of the four types of productive resources. a. Natural (land) b. Human (labor) c. Capital (capital goods) d. Entrepreneurship (risk-taking and combining natural, human, and capital resources in an attempt to make a profit) SS3E3 Give examples of interdependence and trade and explain the benefits of voluntary exchange. a. Describe the interdependence of consumers and producers. b. Describe how goods and services are allocated by price in the marketplace |
Driving Question: How do businesses use productive resources to provide services at allocated prices?
Project Summary:
Learning intention: Students will develop a service to evaluate how prices in the market place are influenced by supply and demand. Students will create a service based business in which they will need to consider the productive resources that are needed for the business and they will be able to describe the interdependence of producers and consumers. |
Business Bonanza
2nd grade students got to learn about each business and then spend money at the Business Bonanza.