The economy of a community depends on the production,
distribution, and consumption of goods and services.
People are important to a community's economy.
How are people important to the economy of my community?
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Essential Understandings:
People are producers and consumers.
A community has a strong economy when people produce and consume all kinds of goods and services.
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General Knowledge
People who grow or make something are producers.
People work to make products
People who buy products and services are consumers.
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Tacoma Knowledge/Skills
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Student Outcomes
Explain the difference between producers and consumers.
Identify what a product is.
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LC - Chapter 7 - Meeting Needs and Wants