SlideShare a Scribd company logo
A is for Advertisements.
A way to show off a good or service to make people want to
buy for specific reasons.
B is for Banks.
Banks store our money until
we need it.
C is for Cost.
How much does this cost? A
price you pay for
something.
D is for Demand.
Demand is how much you want something. The higher the
demand the high the price.
E is for Entrepreneur.
An Entrepreneur is a person
with an idea who takes
Risks to organize and start
a business.
F is for Finances.
Finances is another word
for managing a lot of
money.
G is for Goods.
Goods are produced by a business. People buy them. You
can see and touch them.
H is for hard work.
Entrepreneurs work hard to
organize and start a
business.
I is for Income.
Income is money you
receive on a regular basis
for doing a job.
J is for Job.
A job is work that can be done to earn money
or for a reward like an A on a test.
K is for Key.
The Key to a successful
business is hard work.
L is for Loss.
A loss is when you spend
more than you make.
M is for money.
We all know what that is.
N is for Needs.
Needs are things we have to
have. Food Water Shelter
O is for Option.
Option is the choice you
have. You have the option to
eat burgers or chicken.
P is for Profit and Product.
Profit is the extra money an entrepreneur makes after all his
bills are paid.
Product is what the entrepreneur sells.
Q is for Quality.
Quality describes the
condition of something. The
quality of your work (good
or bad) depends on what
you put into it.
R is for Risk and Resources.
Risk is the chance a person takes
and could lose everything.
Resources are what you have
available to make something.
S is for Services.
Services are something you get done and pay for. Haircut-
car wash.
T is for taxes.
This is money paid to the
government to help pay for
schools and roads.
U is for Up.
When the economy is up
businesses are doing good.
W is for Wants.
Wants are things we don’t need. Toys and electronics are
examples of wants. I want a new I phone.
X is for the missing
value.
Entrepreneurs try to figure
how much money they will
make. X is the unknown
number. X+$500= $700
Y is for You.
You can be an entrepreneur one
day if you work hard.
Z is for Zero. There is
zero/nothing left in this
presentation!
The End
Credits
Images
Google Images (n.d.) www.google images.com
Hall, A. (2008) Show Me The Money. New York, New York. DK Publishing

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3rd Grade ABC's of Economics

  • 1.
  • 2. A is for Advertisements. A way to show off a good or service to make people want to buy for specific reasons. B is for Banks. Banks store our money until we need it. C is for Cost. How much does this cost? A price you pay for something.
  • 3. D is for Demand. Demand is how much you want something. The higher the demand the high the price. E is for Entrepreneur. An Entrepreneur is a person with an idea who takes Risks to organize and start a business. F is for Finances. Finances is another word for managing a lot of money.
  • 4. G is for Goods. Goods are produced by a business. People buy them. You can see and touch them. H is for hard work. Entrepreneurs work hard to organize and start a business. I is for Income. Income is money you receive on a regular basis for doing a job.
  • 5. J is for Job. A job is work that can be done to earn money or for a reward like an A on a test. K is for Key. The Key to a successful business is hard work. L is for Loss. A loss is when you spend more than you make.
  • 6. M is for money. We all know what that is. N is for Needs. Needs are things we have to have. Food Water Shelter O is for Option. Option is the choice you have. You have the option to eat burgers or chicken.
  • 7. P is for Profit and Product. Profit is the extra money an entrepreneur makes after all his bills are paid. Product is what the entrepreneur sells. Q is for Quality. Quality describes the condition of something. The quality of your work (good or bad) depends on what you put into it. R is for Risk and Resources. Risk is the chance a person takes and could lose everything. Resources are what you have available to make something.
  • 8. S is for Services. Services are something you get done and pay for. Haircut- car wash. T is for taxes. This is money paid to the government to help pay for schools and roads. U is for Up. When the economy is up businesses are doing good.
  • 9. W is for Wants. Wants are things we don’t need. Toys and electronics are examples of wants. I want a new I phone. X is for the missing value. Entrepreneurs try to figure how much money they will make. X is the unknown number. X+$500= $700 Y is for You. You can be an entrepreneur one day if you work hard. Z is for Zero. There is zero/nothing left in this presentation!
  • 10. The End Credits Images Google Images (n.d.) www.google images.com Hall, A. (2008) Show Me The Money. New York, New York. DK Publishing