Teaching Wants and Needs, Goods and Services in Elementary

Wants and Needs Mini Booklet

It is never too early for students to begin learning about economics. This primary economics unit guides students through topics such as the difference between wants & needs, goods & services, producers & consumers, choice, cost & benefit, saving & budgeting

What's Included:

- Printable Poster Guides (can be displayed digitally)

- Student Fill in the Blank Booklet (corresponds with the posters)

- Student Mini Book (corresponds with posters)

- Wants & Needs PowerPoint

- Goods & Services PowerPoint

- Producers & Consumers PowerPoints

- Reading Passages

- Activities

- Graphic Organizers

- Scenario Cards (3 different sets)

- Assessment (EDITABLE)

Wants and Needs, Goods, and Services Unit for Kids

Posters & Student Booklets

The posters can be printed, but can also be displayed digitally using a projector. The posters serve as a guide as they answer questions and provide examples. Students can follow along in the student booklets.

Topics Include:

- Wants & Needs

- Goods & Services

- Producers & Consumers

- Income

- Saving & Budgeting

- Choice

- Cost vs. Benefit


This resource includes three separate PowerPoints. Each presentation provides picture examples and a statement explaining each one.

PowerPoints included:

- Wants & Needs

- Goods & Services

- Producers & Consumers

Reading Passages:

This resources includes two reading passages. Two differentiated levels are provided. Reading passages include "What is a Producer?" and "Consumer Rights and Responsibilities." Please note that informational text is often higher level due to vocabulary terms.

Primary Economics Unit for Kids

Scenario Cards:

This resource includes 3 sets of real life scenario cards to help your students practice what they have learned.

Set 1 covers situations regarding saving and budgeting.

Set 2 covers situations of consumer rights and responsibilities.

Set 3 covers situations of wants and needs.

Activities & Graphic Organizers:

This resource includes center activities such as sorting pictures for producers & consumers, or goods & services. A wants vs. needs and personal savings plan is included. Students will also analyze the needs of a country, and will determine all the ways in which they are consumers each and every day.

Wants and Needs, Goods and Services Activities


I have included an assessment that is completely EDITABLE. This two page assessment includes True/False, Multiple Choice, Short Answer, and making determinations concerning consumer rights. You can change, add, or delete any of the questions to better fit your student needs.