Economic Community Resources
Economic Community Resources Economic community resources are institutions and places related to production, distribution, exchange, and consumption of goods and services . They help students understand how the economy works in real life . They make concepts like trade, money, savings, employment, and consumption practical and observable. 1. Market A market is a place where buyers and sellers meet to exchange goods and services. Educational Perspective: Markets help students understand: Demand and supply Price formation Consumer and producer roles Social Science Learning: Economics: Trade, pricing, competition Geography: Local vs global markets Civics: Consumer rights and laws Example in Teaching: Students visiting a vegetable market observe price differences, bargaining, and supply changes. 2. Bank A bank is a financial institution that accepts deposits, gives loans, and provides financial services. Educational Perspective: Banks teach: Saving ha...