Our Community's Economy
A worksheet for Grade 1 students to learn basic economic concepts like needs, wants, goods, services, and producers.
Includes
Standards
Topics
Our Community's Economy
Name:
Date:
Score:
Read each question carefully and answer to the best of your ability.
1. Which of these is a NEED?
A new toy
Food
Candy
Video games
2. Which of these is a WANT?
Water
A house
A bicycle
Clothes
Fill in the blank with 'good' or 'service'.
3. A toy car is a .
4. Getting your hair cut is a .
5. A doctor helping you feel better is a .
6. A new book is a .
Read each statement and circle True or False.
7. A baker who bakes bread is a producer.
True
False
8. When you buy a toy, you are a producer.
True
False
9. Name one person in our community who provides a service.
10. Name one good that people in our community produce.
Related Worksheets
Needs and Wants
A Grade 1 social studies worksheet exploring the difference between needs and wants with engaging activities.
Producers and Consumers Worksheet
A Grade 1 social studies worksheet to help students understand the concepts of producers and consumers.
My Family's Money
A first-grade social studies worksheet introducing basic concepts of family finances, including needs, wants, earning, and saving.
Goods and Services Worksheet
A Grade 1 worksheet to help students understand the difference between goods and services with various question types.
Understanding Scarcity
A Grade 1 social studies worksheet to introduce the concept of scarcity and how it affects choices.
Earned Income for Grade 1
This worksheet introduces first-grade students to the concept of earned income through engaging activities and questions.
My Personal Allowance Worksheet
A Grade 1 social studies worksheet on personal allowance, helping students understand saving and spending.
Food from Farm to Table
This worksheet introduces first graders to the journey of food from farms to their tables, covering basic concepts of production and distribution.