Kindergarten Economics: Goods
and Services
Kindergarten, First Grade Social Studies, ESL,
Children need to understand the differences between goods and services and why both of them are important.
Children will learn that and more with this lesson that teaches them about everyone's roles in the economy.
Learning Objectives
Students will be able to differentiate between goods and services and be able to understand why goods and
services are essential to our lives and economy.
Materials and preparation Key terms
Glue goods
Scissors services
Goods and Services worksheet
Goods and Services quiz
Attachments
Goods and Services (PDF)
Advanced Goods and Services (PDF)
Goods and Services Quiz (PDF)
Introduction (5 minutes)
Tell students that today they are going to be learning about goods and services.
Explicit Instruction/Teacher modeling (10 minutes)
Ask students what they think the word goods means. Explain to students that a good is something that
you can use or consume, like books, food, and toys.
Ask students what they think the word services means. Explain to students that a service is something
that someone does for you, like teach you social studies, give you a haircut, or drive a bus you take. Tell
students that when you pay for for a service, you don't really get something solid, like a book or a glass
of milk, but you do get something that you need.
Let students know that both of these are important in our economy because they allow us to choose what
we would like to do for ourselves and what we would like to have someone else do for us.
Guided Practice (20 minutes)
Put students into groups of 2-4 and have them brainstorm a list of goods and a list of services.
Have them share their ideas with the class.
Independent working time (20 minutes)
Ask students to work on the Goods and Services worksheet.
Differentiation
Enrichment: Let advanced students brainstorm the lists individually in their journals or on paper. Instead
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of the given worksheet, advanced students can complete the Advanced Goods and Services worksheet to
draw their own examples.
Support: Make sure support students really understand the difference between goods and services.
Assist them whenever they need it.
Assessment (5 minutes)
Ask students to tell you what goods and services are. Have students elaborate on what makes these
items similar and different.
Have students complete the Goods and Services Quiz to check for understanding.
Review and closing (5 minutes)
Ask the students for examples of goods.
Ask the students for examples of services.
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GOODS & SERVICES
GOODS : Something people want that you can hold or touch. ex.orange
SERVICES : Something people do for other people. ex. bus driver
DIRECTIONS: CUT OUT the items under the dashed line and paste
GOODS under GOODS and SERVICES under SERVICES.
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GOODS & SERVICES
GOODS : Something people want that you can hold or touch.
ex. orange, chair, pillow
SERVICES : Something people do for other people.
ex. being a teacher, fireman, or doctor
DIRECTIONS: DRAW or WRITE down GOODS in the left column and
SERVICES in the right column.
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s Or S ervice ?
1st
Go o d
Grade
Social
Studies
A service is something someone does for you.
#1
Goods are things that you buy.
Write “s” if a person provides a service.
Write “g” if a person sells goods.
Construction worker Bookstore
TAXI
Babysitter
Taxi driver
0
1
14 2
13 3
12 4
11 5
10 6
9 7
8
Painter
Farmer
Baker
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