Primary Economics: Wants, Needs, Goods, Services, Producers, Consumers, & More

Rated 4.88 out of 5, based on 111 reviews
111 Ratings
Michelle McDonald
Grade Levels
1st - 3rd, Homeschool
Resource Type
Formats Included
  • Zip
  • Google Apps™
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Michelle McDonald
Includes Google Apps™
The Teacher-Author indicated this resource includes assets from Google Workspace (e.g. docs, slides, etc.).

What educators are saying

I used this with middle school students on an alternate curriculum- it is so hard to find resources that don't appear too babyish but is presented at a lower level. This was perfect!
This product was perfect to use with my virtual 1st graders. It was very comprehensive for our social studies unit.


It is never too early for students to begin learning about economics. This primary economics unit guides students through topics such as the difference between wants & needs, goods & services, producers & consumers, choice, cost & benefit, and saving & budgeting. This resource has been updated to include both print and digital options to save you time and prep!

Please click the preview button for more details!

What's Included:

:: Wants & Needs Slide Show

:: Goods & Services Slide Show

:: Producers & Consumers Slide Show

:: Printable Poster Guides

:: Fill in the Blank Booklet (corresponds with the slide shows)

:: Mini Book (corresponds with slide shows)

:: Consumer Rights and Responsibilities Reading Passage

:: What is a Producer? Reading Passage

:: Picture Sort for Producers vs. Consumers (print & digital)

:: Picture Sort for Goods vs. Services (print & digital)

:: Wants vs. Needs Graphic Organizer

:: Personal Savings Plan

:: Analyze the Needs of a Country Worksheet

:: Life Application Scenario Cards (3 different sets)

:: Assessment (EDITABLE)

Posters & Student Booklets:

The posters can be printed, but can also be displayed digitally. The anchor charts serve as a guide for students as they answer questions and provide examples. Students can follow along in the student booklets.

Topics Include:

- Wants & Needs

- Goods & Services

- Producers & Consumers

- Income

- Saving & Budgeting

- Choice

- Cost vs. Benefit

3 Complete Slide Shows (PPT and Google Slides):

This resource includes three separate slide shows. Each presentation provides picture examples and a statement explaining each concept.

Slide Shows Cover:

- Wants & Needs

- Goods & Services

- Producers & Consumers

Reading Passages:

This resource includes two reading passages. Two differentiated levels are provided. Please note that informational text is often higher level due to vocabulary terms.

Reading Passages Include:

- What is a Producer?

- Consumer Rights and Responsibilities

Scenario Cards:

This resource includes 3 sets of life-applicable scenario cards. A digital option is also included with space for students to type their responses.

These kid-friendly scenarios cover:

- Situations regarding saving and budgeting

- Situations of consumer rights and responsibilities

- Situations of wants and needs

Activities & Graphic Organizers:

This resource includes center activities in print format as well as Google Slides drag & drop versions.

This resource includes:

- Picture sort for producers vs. consumers

- Picture sort for goods vs. services

- Wants vs. needs and personal savings plan.

- Analyze the needs of a country


I have included an assessment that is completely EDITABLE. You can change, add, or delete any of the questions to better fit your student needs.

The two-page assessment includes:

- True/False

- Multiple Choice

- Short Answer

- Make determinations concerning consumer rights & responsibilities

If you have questions, feel free to reach out to me prior to purchasing. I can be reached directly at

Thank you!

Michelle McDonald, B.A.E.

Social Studies Education, K-12

Elementary Education K-8

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to see state-specific standards (only available in the US).
By the end of year, read and comprehend informational texts, including history/social studies, science, and technical texts, in the grades 2–3 text complexity band proficiently, with scaffolding as needed at the high end of the range.
By the end of the year, read and comprehend informational texts, including history/social studies, science, and technical texts, at the high end of the grades 2–3 text complexity band independently and proficiently.
Write informative/explanatory texts to examine a topic and convey ideas and information clearly.
Write routinely over extended time frames (time for research, reflection, and revision) and shorter time frames (a single sitting or a day or two) for a range of discipline-specific tasks, purposes, and audiences.
Participate in collaborative conversations with diverse partners about grade 2 topics and texts with peers and adults in small and larger groups.


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