10/20 What is meant by "economy"?

Whenever you need help, please ask for it.
Please write your homework in your assignment book.
Please review the goal and agenda for the day which is posted in the classroom.

Today in class you will 

• show that you have a sense of what the economy is.

Why?

• To develop your understanding of basic economic concepts.
• To begin seeing connections between yourself and other parts of the world.
• To describe how different economic systems try to answer the basic economic questions of what to produce, how to produce, and for whom to produce.

1.  At your group, discuss what you need to do at the start of social studies class to get ready for the class activities.

2.  Economy is the production, distribution, and consumption of goods and services.  Do the following with the people at your group (probably on your SS scrap paper):

• discuss what "to produce" means; come up with synonyms and other related words
• discuss what "to distribute" means; come up with synonyms and other related words
• discuss what "to consume" means; come up with synonyms and other related words

3.  Debrief w/Mr.d'E

4.  Gesturing w/Mr. d'E

• model
• mirror
• teach-ok