Florida SS.1.E.1

SS.1.E.1 is a Florida social studies standard. These are the benchmarks under it.

• SS.1.E.1.1

  Recognize that money is used in the exchange of goods and services.

• SS.1.E.1.2

  Define opportunity costs as giving up one thing for another.

• SS.1.E.1.3

  Distinguish between examples of goods and services.

• SS.1.E.1.4

  Distinguish people as buyers, sellers, and producers of goods and services.

• SS.1.E.1.5

  Recognize the importance of saving money for future purchases.

• SS.1.E.1.6

  Identify that people need to make choices because of scarce resources.

01

What Students Need to Do

Students explain how people use money to buy goods and services. They identify buyers, sellers, producers, and consumers. They also describe how choosing one item may mean giving up another and how saving helps with future purchases.

02

What Mastery Looks Like

Students correctly sort examples of goods and services and name each person’s role in a simple shopping scene. They can explain what they gave up when making a choice and why someone might save money.

03

Common Misconceptions

Students may call a service an object instead of work someone does. They may confuse producers with sellers or assume a buyer cannot also be a consumer. They may think people can buy every choice or that saved money has no planned use.

04

How to Assess It

Show a picture of a child with $5 choosing between a book and a haircut. Ask the student to identify the good, the service, and what is given up after one choice.

1. 01

   Set up a classroom store with play money, labeled items, and service cards, then rotate students through buyer, seller, producer, and consumer roles.

2. 02

   Ask students to draw one purchase they would save for and write what they might give up to reach that goal.

3. 03

   Play a sorting relay where teams place picture cards under goods, services, producers, consumers, buyers, or sellers.

4. 04

   Review a grocery receipt and discuss what the family bought, who produced the items, and why the family could not buy everything.

• SS.3.E.1

  The 3rd Grade version of this standard.

• SS.4.E.1

  The 4th Grade version of this standard.

• SS.2.E.1

  The 2nd Grade version of this standard.

• SS.K.E.1

  The Kindergarten version of this standard.