Alabama Social Studies SS24.1.3a

Social Studies1st GradeEconomics

The Standard

SS24.1.3: Explain the role of commercial institutions within the local community, including banks, grocery stores, and other businesses.

Explain the concept of using money to acquire goods and services to satisfy needs and wants.

2024 Alabama Course of Study: Social Studies

Teacher's field guide

What Students Need to Do: Students explain that people use money to pay for things they get or services people do for them. They tell whether a purchase meets a need or a want.
What Mastery Looks Like: A student can point to bread as a good and a bus ride as a service. They can explain why buying lunch meets a need, while buying a toy meets a want.
Common Misconceptions: Students may think money is used only to buy objects, not to pay someone for a service. They may call every purchase a need or think they can buy anything they want with the money they have.
How to Assess It: Ask: “Sam has money for bread, a bus ride, or a toy. Which are goods or services? Which could meet a need, and which is a want?”

Lesson moves

Set up a class store with play coins, food cards, and a pretend shoe repair station; students pay for one good and one service.
Ask, “If you have money for lunch or a sticker, which would you buy first and why?”
Play a card sort with pictures of apples, toys, bus rides, and haircuts; students sort goods from services and needs from wants.
Show a grocery receipt and a bus fare sign; ask what each payment gets and which purchase could meet a need.

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A ready-to-print activity worksheet aligned to SS24.1.3a, with an answer key for the teacher on its own page. No account needed.

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