1.10 Producers and Consumers

Why People Work (2006)

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In answering the question, "Why do people work," introduces key economic concepts such as wants, needs, money, economy, goods, services, importing, exporting, etc. Provides a contrast between manufacturing and agricultural communities and the representative jobs in each. Explains that Detroit is a typical manufacturing community that exports manufactured products all over the world.

Grade Level:

Primary

Elementary

Length:

00:10

What is Ecomonics? (2005)

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Explores the basic concepts of economics and viewers will learn about how people play an important role as both consumers and producers. Also discusses wants and needs, goods and services, and scarcity and demand.

Grade Level:

Primary

Elementary

Length:

00:23

How Our Economy Works (2001)

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In this engaging video students learn that people work to earn money so that they can satisfy their basic needs and wants and that everything we spend money on is either for goods or services. They learn what a job is and the difference between production workers and service workers. They are introduced to the concepts of saving and banks.

Grade Level:

Primary

Length:

00:20