1st Grade Scarcity And Choices Lessons

Young learners will explore the fundamental concepts of scarcity, the marketplace, and the roles of producers and consumers, fostering an understanding of economic principles and decision-making processes essential for managing resources in everyday life.

Explore the fundamental concepts of goods and services, their differences, and the economic impact of supply and demand. Gain the ability to identify various types of goods and services and understand their effects on pricing and the economy.

Investigate the fundamental concept of scarcity in economics and its impact on decision-making and resource allocation. Develop the ability to analyze resource limitations and understand basic economic principles that influence daily life.