We have been studying economics in our classroom. Make sure to ask your child about the following terms: needs, wants, goods, services, producers, consumers, supply, demand, income and scarcity. Be sure to have them tell you about the goods that we produced today!
Every day, Lemar talks about these terms. I was shopping one day and he told me “You have been a consumer all day mom”. It was to cute and very pleased that my child is understanding and learning the concepts as well. Cudos, to you Mrs. Pelaccio for teaching my child.
Thank you for sharing Mrs. White! The students are really enjoying this project. One day Lemar made a cover for his eraser on his pencil. He told me that he was a producer and his product was going to protect the eraser from someone biting it. He worked on this during his snack break. It was very cute to see!