What Is a Product Market?

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Define a product market as any physical or digital marketplace where finished goods and services are bought and sold.

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Exploring Product Markets and Prices

4th Grade · Social-studies · US-WI-SS

7 lessons

Goal

Examine physical and digital product markets in the community and analyze how goods are priced across different retail environments.

7 lessons

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What Is a Product Market?You are here
Exploring the Local Farmers MarketPremiumUp next
Exploring the Supermarket and Retail StoreNot started yet
Comparing Two Local Product MarketsNot started yet
Digital and Online MarketplacesNot started yet
Categorizing Prices in a Local StoreNot started yet
Why Identical Products Have Different Prices in Different PlacesNot started yet

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Learning standards covered

SS.Econ2Wisconsin Social Studies Standards · 4th Grade

Wisconsin students will analyze how decisions are made and interactions occur among individuals, households, and firms or businesses (Microeconomics).

Econ2.aWisconsin Social Studies Standards · 4th Grade

Consumers, producers, and markets

SS.Econ2.a.3-4Wisconsin Social Studies Standards · 4th Grade

Compare two product markets found in the local community. Differentiate between goods and services.

Econ2.bWisconsin Social Studies Standards · 4th Grade

Supply, demand, and competition

SS.Econ2.b.2Wisconsin Social Studies Standards · 4th Grade

Define product market and categorize prices of products in a local market.