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Goods and Services – What are Goods? – Items you can touch, like toys and food – What are Services? – Help you receive like a haircut or a bus ride – Examples of Goods – Toys, fruits, bread, and milk – Examples of Services – Haircuts, bus rides, and doctor visits | Begin the class with a warm greeting and introduce the topic of Goods and Services. Explain that goods are things that we can buy and use, like food and toys. Services are types of help we get from others, like getting a haircut or riding the bus. Ask the students if they can remember something they bought recently with their family to make the topic relatable. Provide examples of both goods and services to help them differentiate between the two. Encourage them to think of more examples and share with the class. This will help them understand the concept of goods and services in the context of their everyday lives.

Exploring Goods in Our World – Goods are items we can touch – Examples: toys, fruits, books – Think of your favorite toy or fruit – Goods can be bought or sold – Let’s find classroom goods – Look around and list items | This slide introduces the concept of goods to first-grade students. Begin by explaining that goods are physical items that we can see and touch. Provide relatable examples such as toys, fruits, and books to help them understand the types of goods they interact with daily. Emphasize that goods are things that can be bought or sold, which is a basic economic concept. Encourage the students to look around the classroom and identify goods they see. This activity will help them apply the concept of goods to their immediate environment, making the learning experience tangible and interactive. The goal is to make them aware of the various goods around them and understand their role in our daily lives and the economy.

What Are Services? – Services are helpful activities – Doctors and teachers provide services – Like when we visit a doctor or learn in school – Many people around us offer services – Like bus drivers, firefighters, and librarians – Let’s think of service examples! | This slide introduces the concept of services to first graders. Begin by explaining that services are actions that people do to help others, rather than things that we can touch. Use relatable examples such as visiting a doctor when we’re sick or learning from teachers at school to illustrate the idea of services. Encourage the students to think of and discuss other people who provide services in their community, such as bus drivers, firefighters, and librarians. This will help them understand the value of services and recognize the various service providers they interact with in their daily lives.

Community Helpers: Goods and Services – Community helpers provide goods and services – A baker makes bread for us (good) – Bread is a good that we can eat – A firefighter keeps us safe (service) – Firefighting is a service for our safety – Draw examples of goods and services | This slide introduces the concept of goods and services provided by community helpers. Explain that goods are items we can touch and buy, like bread from a baker, while services are help or work that someone does for us, like a firefighter keeping us safe. Encourage the students to think of other people in their community who provide goods and services. As an activity, have them draw examples of both goods and services to reinforce the concept. Possible activities include drawing a doctor for service, a farmer for goods, a teacher for service, and a toy maker for goods. This will help them differentiate between the two and understand the roles various community members play in providing these goods and services.

Why Do We Need Goods and Services? – Goods & services in daily life – Food, clothes, and houses – Like apples to eat, jeans to wear, and homes to live in – Teachers and doctors help us – Teachers teach us, doctors make us feel better – Understanding their importance | This slide aims to help first graders understand the basic concept of goods and services and their significance in everyday life. Goods are items we use, such as food and clothing, while services are activities that someone does for us, like teaching and healthcare. Emphasize the practicality of these concepts by relating them to things the students interact with daily. Ask the children to think of examples of goods and services they used today to make the idea more concrete. This will help them grasp why both goods and services are essential for our well-being and how they contribute to our quality of life.

Class Activity: Let’s Create a Market! – Split into groups for market setup – Decide who sells goods and services – Use play money for transactions – Experience buying and selling – Pretend to be customers and shopkeepers | This activity is designed to give students a practical understanding of the concepts of goods and services within a market setting. Divide the class into small groups and assign roles to each student, allowing them to choose whether they want to sell goods or provide services. Provide play money to facilitate the buying and selling process. This will help students grasp the exchange of goods and services for money, which is a fundamental economic concept. Possible activities include setting up a mini-grocery store, a bookshop, or a car wash service. Encourage creativity and ensure that each student gets a chance to participate in both buying and selling. Discuss the experience afterwards to reinforce the learning objectives.