Indiana Social Studies 3.E.3
The Standard
Give examples of trade in the local community, and explain how trade benefits both parties.
2026 Indiana Academic Standards: K-12 Social Studies
Teacher's field guide
What This Standard Means
What Students Need to Do
- Students name trades they see nearby, such as buying bread at a bakery or paying for a haircut. They explain what each side gives and receives, and why both agree to the exchange.
What Mastery Looks Like
- Given a customer buying apples at a market, a student identifies that the customer gets apples and the seller gets money. The student explains why each wants what they receive.
Common Misconceptions
- Some students think trade only means swapping objects, so they miss purchases made with money or payments for services. Others think only the buyer benefits because the seller gives up an item.
How to Assess It
- Exit ticket: A neighbor pays a bike shop $10 to fix a flat tire. Write what each side gives and gets, and one reason each benefits.
Lesson moves
Ways to Teach It
Give pairs paper apple cards and play money. Have one student run a market stall, then swap roles and record what each received.
Ask, 'Why would a baker sell a loaf for $4, and why would a neighbor pay $4 for it?'
Play a matching game with dog walker, dog owner, dog walk, and $5 cards. Students match what each person gives and gets.
Use a local grocery receipt to identify what the customer received, what the store received, and why each agreed to the purchase.
Free download
Printable 3.E.3 Worksheet
A ready-to-print activity worksheet aligned to 3.E.3, with an answer key for the teacher on its own page. No account needed.
PDF, US Letter, prints cleanly in black and white.
Download the worksheetKeep exploring
Related Standards
- 2.E.2
Research goods and services produced in the local community, and describe how people can be both producers and consumers.
- 6.E.1
Give examples of how trade related to key developments in the history of Europe and the Americas.
- 2.E.4
Explain why people trade for goods and services, and explain how money makes trade easier.
- 3.E.2
Give examples of goods and services provided by local business and industry.
Turn this exact standard into a lesson
Grade, subject, topic, and the complete standard are prefilled. Create one free, no account needed.
Also for this standard:Make a WorksheetMake a QuizMake a Sub Lesson