LESSON: GENERAL STORE

Lesson Summary

Some day a little girl is going to have a store of her own with real glass cases and wide counters and drawers where she can sell a little of everything. This is a simple book with poetic prose.

Concept: Goods

Definition: A good is an object people want that they can touch or hold.

Comprehension Questions

What goods were sold in the store?
There was a little of everything: bolts of calico; balls of string; jars of peppermint; tins of tea; pots, kettles, and crockery; seeds in packets; bright scissors; kegs of brown and white sugar; sarsaparilla for picnic lunches; bananas; and rubber boots, etc.

The goods in the store are an example of economic wants. Why would people want the goods in the store?
Answers will vary.

In the story, there are no prices on the goods? Do you think the goods are free?
No. At the end of the story it says the girl will "take money" from the customers. Goods are not free - they are scarce. People must pay a price to get them.

Who will be the owner of the store?
The little girl will be the owner of the store. She will be a young entrepreneur who takes full charge of the store, from selling the goods to collecting the money.

Can the girl be sure she will make money at her store?
Entrepreneurs can never be sure they will make money. People may not buy many goods - the girl is taking a risk when she opens a store.

Other Concepts: Entrepreneur, Economic Wants

  Good and Services   

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