K13 – Consumers and Producers

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Class Summary

Students will learn about producers and consumers of goods and services. They will learn the difference between producers and consumers. Students will identify times when they are a consumer and the producers who provide the goods and services they buy.

Lesson Slide

K13 – Consumers and Producers

Main Teaching Points

Teach about Consumers and Producers:

  • A consumer is someone who buys something to use.
  • A producer is someone who makes something to sell.
  • A producer can make goods.
  • A producer can provide services.
  • Goods are things that people buy and sell.
  • Services are jobs that people do for others.
  • Consumers buy from producers.

Discussion Questions

  • How are consumers different than producers?
  • How does a producer satisfy a consumer’s needs?
  • What are goods?
  • What are services?
  • How do people pay for goods and services?
  • What are producers?
  • What are consumers?
  • When have you been a consumer?
  • What good or service did you buy?
  • Have you ever been a producer?
  • What good or service did you provide?
  • Do you think all producers become consumers?
  • What are some items or goods that your families buy?
  • What are some services that your families pay for?
  • Who are some producers that we have in our community?

Vocabulary Words

  • goods – things that people can buy and sell
  • services – jobs that people do for others
  • producers – people who make goods and provide services
  • consumer – people who buy goods and services

In-Class Activities

  • Producers Brainstorm: Have the students brainstorm a list of producers in their community. When they give you an example of a producer, discuss the good or service the producer provides. List it next to the producer.
  • Show Goods: Have students bring a good from home for the next day’s lesson. It could be a food item, a tool, a toy, a piece of clothing, etc. Together, sort the goods into categories: Goods we eat, goods we wear, goods we play with, etc.