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description

Summary

In the second grade students begin to understand basic economic concepts in the American economy. Students describe ways people are paid for their labor and how goods and services are purchased through means like check, cash, and credit cards, and provide examples of interdependence through trade/barter and purchase. Students describe the connection between taxes and community services including schools, sanitation and water, fire and police protection, libraries, and roads.

In the first grade, students summarize the need for money, how money is earned, and how money and credit are used in order to meet needs and wants including the costs and benefits of spending and saving. Students define and explain the roles of consumers and producers in the American economy. Students summarize how historic inventors and entrepreneurs contributed to the prosperity of the nation including Samuel F. B. Morse, John Deere, Alexander Graham Bell, Orville and Wilbur Wright, and Thomas Edison.

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Tags

chef cook cartoon cute kitchen spoon rolling pin food restaurant cooking hat uniform cuisine profession gourmet professional person catering job work sign culinary people cap free illustrations social studies class economics free for commercial use
date_range

Date

2016
collections

in collections

Economic Literacy. Social Studies: Grade-2

Economic literacy

Economic Literacy. Social Studies: Grade-1

Economic literacy
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Source

pixabay.com
link

Link

https://pixabay.com/
copyright

Copyright info

This image is from Pixabay and was published prior to July 2017 under the Creative Commons CC0 1.0 Universal Public Domain Dedication license https://web.archive.org/web/20161229043156/https://pixabay.com/en/service/terms/ . In July 2017, Pixabay switched the old sitewide license for all uploads from Creative Commons CC0 to a custom license arrangement that does not meet the Creative Commons CC0 1.0 Universal Public Domain Dedication license terms.

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Topics

chef cook cartoon cute kitchen spoon rolling pin food restaurant cooking hat uniform cuisine profession gourmet professional person catering job work sign culinary people cap free illustrations social studies class economics free for commercial use