Economics for Kids

What is an economy?

• The money that works within a systematic government.

• When people exchange goods and services for money or other things.

• When people create a business.

What are goods in an economy?

• are things that we can own or sell.

• stuff that tastes good.

• things that are good for people.

What are services?

• are things that we can own or sell.

• when you service somebody.

• help we can give to others in exchange for money

An IPad is an example of a ___

• good

• service

A babysitter is an example of a

• service

• good

People trade goods and services for things that they ___________

A housekeeper is an example of a

• good

• service

a bracelet is an example of a

• good

• service