Economics Day!

For the past few months we have been working hard learning about economics and the economy. We focused on supply and demand, marketing, and different aspects of owning a business! We decided that it would be a great idea to see what it is actually like to become a business owner. We filled out business plans and became entrepreneurs of our own companies! 

Students' businesses either provided consumers with a good or service. We set up shop and other third grade classes came in and bought our products or services. We even made advertisements and  used marketing techniques to attract consumers! 

 

Students' businesses either provided consumers with a good or service. We set up shop and other third grade classes came in and bought our products or services.

 

Our entrepreneurs quickly realized that supply and demand play a huge role in how well your business does. Students were able to raise or lower their prices throughout the day.

We realized how important it was to save our money, because Miss Gardner came around and collected taxes a few times. She also made us pay rent for our spot in the Gardner Mini Mall! Starting with just $15, some students ended up with $0, while others ended up with over $100.