Lesson Plan

Kindergarten Economics: Goods and Services

Children need to understand the differences between goods and services and why both of them are important. Children will learn that and more with this lesson that teaches them about everyone's roles in the economy.
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This social studies lesson plan introduces kindergarteners and first graders to beginning economics by teaching them about goods and services. Children will learn that goods are things you buy, and services are something someone does for you. Young learners will then activate their new knowledge to complete two worksheets identifying goods and services. Through this lesson, kids will learn about different jobs such as baker, bus driver, and babysitter, and if they provide a service or a good—a great introduction to early economics in their communities!

Learning Objectives

Students will be able to differentiate between goods and services and be able to understand why goods and services are essential to our lives and economy.


(5 minutes)
Goods and ServicesAdvanced Goods and ServicesGoods and Services Quiz
  • Tell students that today they are going to be learning about goods and services.