This video from the check out Economics series helps kids understand that human being are both consumers and also producers. Kids learn that consumers buy goods and also services to accomplish their wants and that producers make goods and services. Youngsters are motivated to be producers by making a bookmark, and then to be consumers by using a bookmark to organize their ar in a book. Students discover a song about goods and services.

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Transcript

Below is a full transcript the this video. It has not to be edited or reviewed for accuracy or readability.

Let’s explore a tiny economics.

Today we are going to talk around consumers and also producers. Prior to we start, you might want to acquire a piece of construction paper, a pair that scissors, some markers or crayons, and a publication that you space reading.

The people you see below are producers. Producer are world who make or flourish goods and administer services. Sometimes they are called workers, and they help us do things. For example, a florist is a producer who provides pretty bouquets. A baker is a producer who cooks increase yummy cakes, and a painter is a producer who creates artwork for us to admire.

Can you surname these producers? (PAUSE)Doctors, hair stylists, landscapers, and mechanics are producers.

When you draw a picture, or once you do cookies, you room a producer.

People room consumers, too. The people you see right here are drink a smoothie, shopping for groceries, and also playing in a sandbox. Consumers are world who to buy or use goods and also services to satisfy their wants. Once you eat her dinner, you will be a consumer. You’ll be hungry and eating a meal will make you feel full. You’ll it is in a consumer of food. Friend are additionally a customer when you go to school. You are learning. You are consuming knowledge.

Can you surname these consumers? (PAUSE)When civilization buy things, usage skateboards, or clock movies, they room consumers.

Now that is time because that you to be a producer. Use the scissors to reduced a rectangle choose this one from the building and construction paper. Usage the markers to decorate the rectangle choose a bookmark—maybe like this.(You can pause this video clip while friend make your bookmark—or, keep watching if you’d choose to think about it a little!)Congratulations! You room a producer. You created a bookmark. Currently it is time because that you to it is in a consumer!

Open your book and use the bookmark to save your spot. You are using a good—a bookmark. Congratulations! You room a consumer. People are consumers and also producers.

Now that is time to discover a tiny song about consumers and also producers. Let’s sing our song.

We’ll present you the words therefore you have the right to sing along. Simply follow the bouncing ball.

The farmer who prosper our food, thrive our food, thrive our food, the farmers who grow our food, they are producers.

The civilization who gobble it up, gobble it up, gobble it up, the civilization who gobble it up—they are consumers.

When i make a new bookmark, brand-new bookmark, new bookmark—when i make a new bookmark, ns am a producer.

When I usage my cool bookmark, cool bookmark, cool bookmark—when I usage my cool bookmark, i am a consumer.

When civilization make goods and also services, goods and services, goods and also services—when human being make goods and also services, they room producers.

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When they use the things produced, the points produced, the things produced—when they use the things produced, they room consumers.

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