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Economics for Kids: Goods, Services, Producers, Consumers, and More!
In this economics lesson for kids, students learn important basic economic concepts that help explain how goods and services are made, bought, and sold. This compilation introduces elementary students to economics by exploring goods and services, producers and consumers, and the ideas of surplus and shortage. Kids learn how people create products, how consumers use them, and what happens when there is too much or too little of something. Each topic is explained in a simple, kid-friendly way tha
How it works
- Press play to start the video.
- Videos 5 minutes or longer pause once or twice for a quick check. Get it right and you're on your way. If not, you'll see a friendly explanation and the video simply keeps going. Short videos skip the checks.
- At the end there's a 5-question test. Score 60% or more to complete the lesson, and 80% or more to master it. You can always watch again and try for a higher score.