Wilbur learning about producers and consumers!

Third grade have been learning about economics as part of our social studies and reading lessons. Mrs. Pace, Mrs. Lord and Mrs. Owen's children were producers and consumers. As producers we decided on good or services we wanted to offer. We then had to advertize our product and decide what we needed. Some of us even went home and made bookmarks and braclets to sell! We set up our stalls and tried to sell to the other consumers. We learned about supply and demand. We also had to decide what to do when there was no demand. Some of us made bargins and did buy one get one free! At the end we looked to see how much profit we had made.