Enjoying Elementary Economics: Wants and Needs, Supply and Demand, and the Value of Work

Description

This short economics unit presents key money concepts in a way that is easy for kids 8-10 to understand and for parents or teachers to present. It begins by showing the differences between wants and needs, explaining supply and demand, illustrating bartering, and showing the value of work. Then it shares a fictitious story designed to help children see how these principles affect their daily lives.

A short review tests reading comprehension and understanding of the main points. An answer key is included. 9 pages total.