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Our Community's Economy

A worksheet for Grade 2 students to learn about basic economic concepts like needs, wants, goods, services, producers, and consumers.

Use This Worksheet

Includes

Fill in the BlanksTrue / FalseMultiple ChoiceWord BankShort Answer

Standards

C3.D2.Eco.1.K-2

Topics

economysocial studiesgrade 2needswantsgoodsservices
7 sections · Free to use · Printable
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Our Community's Economy

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Read each question carefully and answer to the best of your ability. This worksheet will help you learn about how our community's economy works!

1. Something you HAVE to have to live, like food or water, is called a  .

2. Something you would LIKE to have, but don't need to live, like a toy, is called a  .

1. A good is something you can touch and buy, like a book.

T

True

F

False

2. A service is something someone does for you, like a doctor helping you when you are sick.

T

True

F

False

1. Who makes or grows goods?

a

A consumer

b

A producer

c

A teacher

d

A student

2. Who buys and uses goods and services?

a

A producer

b

A seller

c

A consumer

d

A worker

Use the words below to complete the sentences.

doctor
firefighter
teacher
farmer

1. A   grows food for us to eat.

2. A   helps us learn new things at school.

3. A   helps people when they are sick.

4. A   helps keep our community safe from fires.

1. Name one good that you have in your home and one service that someone in your family uses.