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The primary goal of the mini-factories project is to give the students the opportunity to apply the economic concepts they learned throughout the year, in a real world situation. This gives them a better understanding of economics in their daily life. Through this project, the students also experience working as a team. The entire fifth grade will become the producers, allowing the third and fourth grade students the opportunity to become the consumers. This is a project designed to meet economic standards for grades 3 - 5. You will receive a description of the project, student overview, business application, loan application, consumer evaluation, and a product sales sheet for students to use during the project.