Miss Valenza Second Grade June 26 th, 2007 What should I buy? What should I buy? A Trip to the Marketplace

Marketplace Marketplace- Where people buy and sell goods and services.

Marketplace A supermarket is one type of marketplace. Shoppers visit a supermarket to buy food products.

Producer Producer- A person who grows, makes, or sells goods.

Producer A restaurant cook is one kind of producer. Consumers visit restaurants in order to buy prepared foods.

Goods Goods- Things that can be bought and sold.

Goods A toy truck is one kind of good that can be purchased. A toy can be purchased at a toy store or shopping mall.

Services Services- Work done for others.

Services A hair dresser provides a service to his or her customers. A hair dresser cuts, colors, or styles hair. A hair dresser works in a beauty salon or barber shop.

Consumer Consumer- A person who buys and uses goods and services.

Consumer Anyone who spends money is a consumer! Americans are BIG consumers!

Comprehension Pop Quiz A customer is an example of a producer. yesno All money spenders are consumers. yesno A brand new bicycle is an example of a purchased good.yesno What is a consumer? ________________ What is a marketplace? ______________

Shopping Fun Facts Online shopping is the fastest growing form of buying products/goods. One online site has over 6,000 producers/merchants just from the United States! Online shopping sites experienced 40% increased sales on both Black Friday and Cyber Monday during the 2006 Holiday season!

Shopping Fun Facts- United States Commerce Department On average, Americans saved less than -1% of their total income in Again, Americans are BIG spenders! In 2006, Americans spent all of their total earnings and then some! In China, the residents saved an average of 30% of their total income in China is one of the world’s fastest growing economies!

Works Cited Reflections People We Know Teachers Edition. Second Grade. Harcourt: g/shows g/shows Microsoft Power Point clip art