Economics is about businesses, money like taxes, allowances, stocks, and bonds. It involves things like lemonade stands, toy collections, and baseball cards. Economics is part of everyday life and influences access to goods and services that affect living standards.

1. ECONOMICS
WHAT IT IS?
SECOND GRADE
SOCIAL STUDIES

2. ECONOMICS
• Economics is not just money. It's businesses and how they
work. It's lemonade stands and how many dollars they
take in. It's toy collecting and baseball card collections.
It's taxes and allowances. It's stocks and bonds.
Economics is part of almost everything you could ever
think about.
Teacher
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each
word

3. TAXES
• Sales tax is a tax on goods and services purchased and is normally
a certain percentage added to the buyer's cost.
The
Store
Name
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4. WHERE DO TAXES GO?
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5. ALLOWANCES
• An allowance is an amount of money given at regular intervals for a specific
purpose and the person saved it for determined time.
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6. STOCKS
• Stocks are sold by companies to raise money. When a person buys stock in a
company, he or she owns a tiny part of that company. When a company is
doing well (that is, selling a lot of goods or services and making a lot of
money), the value of the company goes up. When many stock prices stay low
for a long time, it is a sign of a weak economy.
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7. BONDS
• A certificate of debt (usually interest-bearing or discounted) that
is issued by a government or corporation in order to raise money
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8. WHY IS IMPORTANT THE ECONOMY ?
It is important because our living standards are
influenced by our access to good
and services.
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9. SHARE WHAT YOU LEARNED TODAY
ABOUT ECONOMICS

10. SHARE WHAT YOU LEARNED TODAY
ABOUT ECONOMICS