📚 Worksheet 1: What is an Economy?
WALT: We are learning to understand what an economy is and identify economic activities in our community.
Success Criteria: I can explain what an economy is and give examples of economic activities in my local area.
Vocabulary Box: economy, goods, services, needs, wants, community, trade, business
1. What is an economy? Choose the best answer.
A place where people live
The way people make, buy and sell things they need
A type of shop
Money in a bank
2. Which of these are economic activities? Tick all that apply.
Buying groceries at New World
Playing at the park
Getting a haircut
Sleeping
Selling vegetables at the farmers market
3. List three economic activities you can see in your local community:
4. Reflection: Why do you think having a local economy is important for our community?
🛍️ Worksheet 2: Goods and Services
WALT: We are learning to distinguish between goods and services in our local economy.
Success Criteria: I can correctly identify and classify goods and services from local businesses.
Vocabulary Box: goods, services, products, customers, businesses, local, classify
1. Sort these items into GOODS or SERVICES by writing G or S next to each:
_____ Bread from the bakery
_____ Haircut at the salon
_____ Milk from the dairy
_____ Car repair at the garage
_____ Books from the library
_____ Pizza delivery
2. Match each local business to what they mainly provide:
Pak'nSave
The Warehouse
Doctor's clinic
Countdown
Health services
General goods
Food and groceries
Food and groceries
3. Name one local business that provides goods and one that provides services:
Goods: ___________________________ Services: ___________________________
4. Reflection: Which do you think is more important - goods or services? Explain why.
💼 Worksheet 3: Jobs in Our Community
WALT: We are learning to identify different jobs and understand how they contribute to our local economy.
Success Criteria: I can name various local jobs and explain how they help our community.
Vocabulary Box: occupation, employee, employer, wages, skills, contribution, community service
1. What job do these people do? Fill in the blanks:
Someone who teaches children: ________________
Someone who fixes cars: ________________
Someone who grows vegetables: ________________
Someone who delivers mail: ________________
2. Which jobs can you find in your local area? Tick all that you have seen:
Shop assistant
Bus driver
Police officer
Librarian
Café owner
Cleaner
3. Choose one job from your local community and explain how it helps other people:
4. Reflection: What job would you like to do in your community when you grow up? Why?
💰 Worksheet 4: Money and Trade
WALT: We are learning to understand how money is used for trade in our local economy.
Success Criteria: I can explain how money helps people trade and give examples of local trading.
Vocabulary Box: currency, trade, exchange, purchase, price, budget, payment, change
1. Why do we use money instead of swapping things? Choose the best answer.
Money is prettier than other things
Money makes trading easier and fairer
Money is heavy to carry
Everyone has the same amount of money
2. Calculate the change for these purchases:
Lollies cost $3.50, paid with $5.00. Change = $______
Drink costs $2.20, paid with $5.00. Change = $______
Comic book costs $4.75, paid with $10.00. Change = $______
3. Where can you spend money in your local community? List three places:
4. Reflection: If there was no money, how do you think people would get what they need?
🌟 Worksheet 5: Supporting Our Local Economy
WALT: We are learning to understand how we can support and strengthen our local economy.
Success Criteria: I can suggest ways to support local businesses and explain why this is important.
Vocabulary Box: support, local business, community, economy, strengthen, sustainable, loyal customers
1. How can families support local businesses? Tick all good ideas:
Shop at local stores instead of big chains
Only buy things online
Recommend local businesses to friends
Never spend money locally
Use local services like cafés and repair shops
2. What might happen if everyone stopped shopping at local businesses?
3. Design a simple poster encouraging people to support one local business:
4. Reflection: How can you and your family help strengthen your local economy?
✅ Assessment: Local Economy Exit Ticket
Quick Check: Show what you've learned about our local economy!
1. What is the local economy?
2. Give one example each:
A good you can buy locally: _________________________
A service you can get locally: _________________________
3. Name one way you can support local businesses:
4. Circle: True or False - Local jobs help make our community stronger.
TRUE FALSE
🚀 Extension Worksheet: Local Economy Entrepreneur
Challenge Activity: Design your own local business!
1. What type of business would you start in your local area? Why would it be useful?
2. Will your business provide goods, services, or both? Give examples:
3. How much would you charge for your main product/service? Explain your pricing:
4. Draw your business logo and write a slogan:
5. How would your business help strengthen the local economy?
