Social Studies Worksheets and Study Guides Third Grade. Goods and Services

The resources above correspond to the standards listed below:

Rhode Island Standards

RI.E. Economics
E 1. Individuals and societies make choices to address the challenges and opportunities of scarcity and abundance.
E 1 (3-4)-1. Students demonstrate an understanding of basic economic concepts by…
E 1 (3-4)-1.b. Identifying the types of resources available and the corresponding goods and services produced in real-world and historical context (e.g., Rhode Island today or in different historical periods: RI colony boatbuilding and agricultural production were primary, late 1800’s industrial products were primary).
E 1 (3-4)-3. Students demonstrate an understanding that societies develop different ways to deal with scarcity and abundance by…
E 1 (3-4)-3.a. Comparing the advantages and disadvantages of allocating various goods and services (e.g., sharing class toys, student time on playground equipment during recess, etc.).
E 2. Producers and consumers locally, nationally, and internationally engage in the exchange of goods and services.
E 2 (3-4)-1. Students demonstrate an understanding of the variety of ways producers and consumers exchange goods and services by…
E 2 (3-4)-1.a. Explaining the interdependence of buyers and sellers within various markets (e.g., barter, money, commodity money).
E 3. Individuals, institutions and governments have roles in economic systems.
E 3 (3-4)-1. Students demonstrate an understanding of the interdependence created by economic decisions by…
E 3 (3-4)-1.a. Comparing how individuals, institutions, and governments interact within an economy (e.g. entrepreneurs start new businesses; individuals save money in banks, government redistributes money through taxing and spending).