📚 Topic Summary
A community economy is all about how people in a town or city make, share, and use resources like money, goods, and services. It involves choices about what to produce, how to produce it, and who gets it. These choices are influenced by the needs and wants of the people living there and how they interact with businesses and the government. Understanding these choices helps us see how communities grow and thrive!
🔤 Part A: Vocabulary
Match the words with their meanings:
| Word |
Definition |
| 1. Goods |
A. Work done for others, like haircuts or teaching |
| 2. Services |
B. What people want or need |
| 3. Needs |
C. Things that are made or grown, like toys or food |
| 4. Wants |
D. Things that are necessary for survival, like water and shelter |
| 5. Economy |
E. How a community makes, shares, and uses resources |
✍️ Part B: Fill in the Blanks
Use the words from the word bank to complete the sentences:
Word Bank: Jobs, Money, Businesses, Community, Economy
The ________ is how a ________ makes and uses ________. People work at ________ to earn ________. Many ________ provide goods and services.
🤔 Part C: Critical Thinking
Imagine your community has extra money to spend. What is one thing you would like your community to spend the extra money on and why?