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Economics cates nora_lesson1

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Nora Cates
Nora Cates

This document provides a basic introduction to economic and business concepts from A to Z. Each letter defines a term, such as Advertisements, Banks, Cost, Demand, Entrepreneur, and so on. The definitions are simple explanations for children to understand concepts like goods, services, income, taxes, risks, resources, and more. The document aims to teach basic literacy and knowledge of business and economic principles.

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Economics cates nora_lesson1
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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Economics cates nora_lesson1

  • 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