LESSON: SWEET STRAWBERRIES

Lesson Summary

A man and wife visit the market each Saturday. They trade their fish for the goods they want.

Concept: Market

Definition:  A market exists whenever people buy and sell goods and services.

Comprehension Questions

Describe the producers in the story.
Man who traded fish; other merchants at the market who traded their flour, strawberries, etc.

Identify the goods the man took to the market.
Fish

What other goods were available at the market?
Answers may vary: flour, strawberries, apples, etc.

What form of exchange was used at the market?
Trade or barter

Analyze the consequences of choosing not to purchase the strawberries at the market.
The economic wants of his wife were not satisfied.

Other Concepts: Natural Resources, Economic Wants, Goods and Services, Trade and Money (Bartering), Trade-offs

  Market 

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