
Exploring Economics
Presentation
•
Social Studies
•
6th Grade
•
Practice Problem
•
Easy
Elizabeth French
Used 90+ times
FREE Resource
10 Slides • 12 Questions
1
Exploring Economics
Chapter 2 Lesson 2
2
Poll
Can you buy everything you want?
Yes
No
3
Open Ended
Explain your answer in one or two sentences.
4
What is Economics?
The study of how and why people make, buy, and sell things.
Goods = products that people buy or sell (clothes or food)
Services = activities provided by other people that you pay for (doctors or repairmen)
Producers = someone who creates something for people to buy
Consumers = someone who buys a good or service
5
6
What are the four resources people need to make goods and services?
Land
Labor
Capital
Entrepreneurship
7
Land
The surface of the Earth and the resources found in and on it.
Sometimes called natural resources.
8
Labor
The ability of people to do work.
9
Capital
The money and goods used to help people make or do things.
10
Entrepreneurship
The act of running a business and taking risks to succeed.
11
Supply and Demand
Supply is the amount something people want to sell. Demand is how much of something people want to buy.
12
Poll
Would it be easy to buy toilet paper from this store?
Yes
No
13
Poll
Would it be easy to buy toilet paper from this store?
Yes
No
14
Poll
Do you want a half eaten candy bar?
Yes
No
15
Poll
Do you want a Playstation 5?
Yes
No
16
17
Multiple Choice
What is supply?
how much of something people want to sell.
how much of something that people want to buy.
18
Multiple Choice
What is demand?
how much of something people want to sell.
how much of something that people want to buy.
19
Multiple Choice
Jenny has hundreds of stuffed animals to sell. The stuffed animals are considered the _________.
supply
demand
buyer
seller
20
Multiple Choice
Halloween is almost here! The supply of candy is going down. What will happen to the price?
21
Multiple Choice
A new bakery comes to town. Now there are more options for a bakery. What will happen to the price?
22
Multiple Choice
iPhone X just came out and many people want it. What will happen to the price?
Exploring Economics
Chapter 2 Lesson 2
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