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What Are Consumers and Producers? | Explore Economics Singalong (Grades 2-5)

Summary:
#kidssongs #learningforchildren #financialliteracy Ep. 7 helps kids understand that people are both consumers and producers. -Producers make or grow goods and provide services. For example, a florist is a producer who makes pretty bouquets. A baker is a producer who cooks up yummy cakes, and a painter is a producer who creates artwork for us to admire. -Consumers are people who buy or use goods and services to satisfy their wants. When you eat your dinner, you will be a consumer of food. You are also a consumer when you go to school. You are consuming knowledge. Before we start, get a piece of construction paper, a pair of scissors, some markers or crayons, and a book that you are reading. Kids will become "producers" by making their own bookmark, and then be "consumers" by using the

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#kidssongs #learningforchildren #financialliteracy Ep. 7 helps kids understand that people are both consumers and producers. -Producers make or grow goods and provide services. For example, a florist is a producer who makes pretty bouquets. A baker is a producer who cooks up yummy cakes, and a painter is a producer who creates artwork for us to admire. -Consumers are people who buy or use goods and services to satisfy their wants. When you eat your dinner, you will be a consumer of food. You are also a consumer when you go to school. You are consuming knowledge. Before we start, get a piece of construction paper, a pair of scissors, some markers or crayons, and a book that you are reading. Kids will become "producers" by making their own bookmark, and then be "consumers" by using the bookmark to hold their place in a book. Students also learn a song about consumers and producers! More: https://www.stlouisfed.org/education/exploring-economics-video-series What Are Consumers and Producers? | Explore Economics Singalong (Grades 2-5)
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The Federal Reserve Bank of St. Louis is the center of the Eighth District of the Federal Reserve System. This District includes Arkansas, eastern Missouri, southern Illinois and Indiana, western Kentucky and Tennessee, and northern Mississippi.

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