Run a Family Market Day
Lesson preview: the Mini Lesson and Vocabulary are open to everyone. Guided practice, exercises, the parent checklist and the printable PDF worksheet come with full access (free 7-day trial or membership).
What you will learn
- 1Act as both a producer and a consumer in a market day simulation, applying what you know about goods, services, money, needs, wants, and budgeting
Mini Lesson
In this special unit project, you get to run your very own market! You will be a producer — making something to sell — and a consumer — using your budget to buy things from friends or family members. It is the economy in action!
What is a market?
- A market is any place where buyers and sellers meet to exchange goods or services for money.
- Markets can be real places you visit (like a farmers market or a store) or online (like an online shop).
- In a family market day, you and your family members (or friends) set up stalls and trade with each other.
Your roles during Market Day
- As a producer: Choose one good to make (a drawing, a bookmark, a small craft) or one service to offer (reading aloud to someone, teaching a skill, performing a short song). Set a price.
- As a consumer: You start with a small budget (your parent or grown-up sets the amount, e.g., 10 play coins or tokens). Decide what to buy — but remember to cover needs before wants!
Unit C review — remember these key ideas
- Jobs and professions — people work to earn money and provide value to the community.
- Goods vs. services — goods are physical items; services are jobs done for others.
- Producers and consumers — producers make; consumers buy and use.
- Needs vs. wants — needs are essential; wants are desired but not required.
- Budget — earn, save, spend, left over.
- Money flow — work, then earn, then spend or save, so the community grows.
Words to know
Market
A place where people buy and sell goods or services
e.g. On Market Day our living room became a busy market.
Producer
A person who makes goods or gives services
e.g. When you sell your craft, you are a producer.
Consumer
A person who buys or uses goods and services
e.g. When you buy a snack, you are a consumer.
Price
How much money something costs
e.g. The price of the bracelet is two dollars.
Trade
When people exchange goods, services, or money
e.g. I traded a sticker for a marker.
Ask yourself: "When I sell my good or service, am I a producer or a consumer? When I buy from someone else, which am I?"
Unlock the full HSEA system for 7 days.
Add your first kid profile and your 7 days start: every lesson in every grade, saved progress for each child. Nothing to set up, no card required, nothing to cancel.
- ✓ All 1,880 lessons, Grades 1–6, every subject
- ✓ Profiles + saved progress for every kid
- ✓ Printable lessons with answer key