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Grade 3 Social Studies · World 9: Making It, Trading It · Level 68
Producers and Consumers
How producers and consumers depend on each other, and why voluntary trades help both sides.
Warm-up, learn, try it together, practice, then a quick check. About 15 minutes.
What children learn in Level 68
- Producers make goods or provide services. Consumers buy and use them.
- They depend on each other. A bakery needs consumers to buy its bread, and consumers need the bakery to make it. That's interdependence.
- Most people are both! The baker is a producer when selling bread, and a consumer when buying flour, or shoes.
- A voluntary trade is one both sides choose. Leo would rather have Zoe's orange, and Zoe would rather have Leo's apple. They trade, and both are better off!
Georgia Standards of Excellence in Social Studies:
- SS3E3 — Give examples of interdependence and trade and explain the benefits of voluntary exchange.
- SS3E3.a — Describe the interdependence of consumers and producers.