Economics Worksheets
Free economics worksheets with answer key. No login or account needed. Sort goods and services, needs and wants, and producers and consumers. A grading column and quick grade scale make grading a breeze. Great for teachers or for homeschool.
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Explain that goods are things you can touch, buy, and keep Explain that services are work people do for others Sort everyday examples into goods and services
Explain that choosing one thing can mean giving up another Find how much money is left after buying something Decide whether a budget covers two things
Explain that saving means keeping money to use later Explain that spending means using money to buy something now Sort everyday money choices into saving and spending
Explain that banks keep money safe for savers Explain that banks lend money and charge interest Describe how a savings account helps money grow
Explain that a budget is a plan for money Tell the difference between income and expenses Use a budget to plan saving for a goal
Explain that needs are things people must have to live and stay healthy Explain that wants are things that are nice to have but people can live without Sort everyday examples into needs and wants
Explain that producers make goods or provide services Explain that consumers buy and use goods and services Sort everyday examples into producers and consumers
Describe the steps milk takes from a dairy farm to a family's table Put the steps of a process in order Name producers and workers who help bring food to stores
Explain that natural resources are things from nature that people use Tell the difference between renewable and nonrenewable resources Name ways people can save natural resources
Explain that scarcity means resources are limited Define opportunity cost as the next best choice given up Identify the opportunity cost of a choice
Explain what supply and demand mean Describe how a change in demand can change a price Describe how more sellers can lower a price
Explain the difference between imports and exports Explain why countries specialize and trade Describe how a tariff can change prices
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