What is competition?
http://www.econedlink.org/lessons/index.cfm?lesson=EM509&page=teacher
A lesson plan for grades K–3 Social Studies
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In this EconEdLink lesson, students understand what businesses are and that a marketplace exists whenever buyers and sellers exchange goods and services. Students also learn that there is competition in the marketplace if you have more than one seller of the same item or similar items. Students also identify business competitors in their community. This lesson incorporates an interactive student activity and links to a variety of web resources.
North Carolina Curriculum Alignment
Social Studies (2003)
Grade 1
- Goal 6: The learner will apply basic economic concepts to home, school, and the community.
- Objective 6.07: Recognize that all families produce and consume goods and services.
Grade 2
- Goal 7: The learner will apply basic economic concepts and evaluate the use of economic resources within communities.
- Objective 7.01: Distinguish between producers and consumers and identify ways people are both producers and consumers.
- Objective 7.02: Distinguish between goods produced and services provided in communities.
Grade 3
- Goal 5: The learner will apply basic economic principles to the study of communities.
- Objective 5.02: Explain the impact of scarcity on the production, distribution, and consumption of goods and services.
Kindergarten
- Goal 6: The learner will apply basic economic concepts to home, school, and the community.
- Objective 6.05: Explore goods and services provided in communities.
