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Economics: Needs, Wants, and Economic Choices

1st Grade · Social Studies · US-WY-SS

8 lessons

Goal

Understand fundamental economic concepts including needs, wants, goods, services, prices, saving, and modern production.

8 lessons
0 of 8 done
  1. Needs Versus WantsUp next
  2. Goods and Services in Our CommunityYou are here
  3. Producers and ConsumersNot started yet
  4. What Is Price and How Money WorksNot started yet
  5. How Price Affects Buying and Selling ChoicesNot started yet
  6. Spending, Saving, and Making Economic ChoicesNot started yet
  7. Assembly Lines and Mass ProductionNot started yet
  8. How Robots and Digital Tools Change ProductionNot started yet
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Learning standards covered

us-wySS2.3.1Wyoming Social Studies Standards · 5th Grade

Give examples of and/or identify needs, wants, goods, and services.