Grade 3 Economy Basics
A worksheet for 3rd graders to learn about basic economy concepts like goods, services, producers, and consumers.
Includes
Standards
Topics
Economy Basics
Name:
Date:
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Read each question carefully and answer to the best of your ability.
1. What is something you can buy or sell that you can touch, like a toy or a book?
Service
Good
Money
Producer
2. When someone helps you or does work for you, like a doctor or a teacher, what is that called?
Good
Product
Service
Consumer
3. A person who makes or grows goods is called a .
4. A person who buys or uses goods and services is called a .
5. Everyone in a community is either a producer or a consumer, but never both.
True
False
6. When you save your money, you are making an economic decision.
True
False
7. Give an example of a good and an example of a service you use every day.
8. Why is it important for people in a community to be both producers and consumers?