Texas TEKS 1.7.C
The Standard
identify the role of markets in the exchange of goods and services.
Texas Essential Knowledge and Skills for Social Studies
Teacher's field guide
What This Standard Means
What Students Need to Do
- Students explain that a market brings buyers and sellers together. They identify what buyers give and what sellers provide, including both goods and services.
What Mastery Looks Like
- Students can identify the buyer, seller, payment, and product in a simple example. They can explain how a market helps people get what they want or need.
Common Misconceptions
- Students may think a market is only a grocery store or farmers market. They may also think services are objects, rather than work someone does for another person.
How to Assess It
- Show a picture of a farmers market and ask, "Who is buying, who is selling, and how does the market help them trade?"
Lesson moves
Ways to Teach It
Set up a classroom market with picture cards, play coins, buyers, and sellers exchanging goods and services.
Ask students to draw a market and label the buyer, seller, payment, and item or service.
Play Market Match by pairing buyer cards with sellers offering the good or service each buyer needs.
Study a local store or salon photo and discuss what customers give and what the business provides.
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Printable 1.7.C Worksheet

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Related Standards
- 1.7
Economics. The student understands the concepts of goods and services. The student is expected to:
- 2.7
Economics. The student understands the roles of producers and consumers in the production of goods and services. The student is expected to:
- 1.9.B
describe how various jobs contribute to the production of goods and services.
- 1.7.B
identify ways people exchange goods and services; and
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