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3rd Grade Economics: Needs, Wants, Goods and Services

Community · Mixed · 20–30 min

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About This Board

Review needs, wants, goods, services, producers, consumers, money, and basic economic choices in this 3rd grade social studies game. This is a Grade 3 History / Social Studies review game in a Jeopardy-style format: a teacher puts the board on one screen, teams pick clues by point value, and the class answers out loud — no student devices or accounts needed. Categories: Needs & Wants, Goods, Services, Money Choices, Economics Around Us.

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Questions in this game

A peek at what's on the board — 5 categories and one sample clue from each. Answers stay hidden until you open them, so the game still works.

  • Needs & Wants

    What is a need?

    Show answer

    something necessary for living or basic well-being

    +4 more clues in this category

  • Goods

    What is a good in economics?

    Show answer

    a physical item people can buy or use

    +4 more clues in this category

  • Services

    What is a service?

    Show answer

    work done for someone

    +4 more clues in this category

  • Money Choices

    Why do people use money?

    Show answer

    to buy goods and services

    +4 more clues in this category

  • Economics Around Us

    A farmer grows apples to sell. Is the farmer a producer or consumer in this role?

    Show answer

    producer

    +4 more clues in this category

Board content

Needs & Wants

$100 — What is a need?
something necessary for living or basic well-being
$200 — What is a want?
something you would like but do not need to survive
$300 — Is clean water usually a need or a want?
need
$400 — Is a new video game usually a need or a want?
want
$500 — Why do people sometimes have to choose between wants?
resources and money are limited

Goods

$100 — What is a good in economics?
a physical item people can buy or use
$200 — Is a bicycle a good or a service?
good
$300 — Is a loaf of bread a good or a service?
good
$400 — Who makes or provides goods and services?
producers
$500 — What do we call people who buy or use goods and services?
consumers

Services

$100 — What is a service?
work done for someone
$200 — Is a haircut a good or a service?
service
$300 — Is teaching a good or a service?
service
$400 — A mechanic repairing a car provides what?
a service
$500 — A doctor helping a patient provides what?
a service

Money Choices

$100 — Why do people use money?
to buy goods and services
$200 — What does saving money mean?
keeping some money for future use
$300 — What does spending money mean?
using money to buy something
$400 — If you have $10 and spend $6, how much remains?
$4
$500 — Why is a budget useful?
it helps plan how money will be spent or saved

Economics Around Us

$100 — A farmer grows apples to sell. Is the farmer a producer or consumer in this role?
producer
$200 — A shopper buys the apples. Is the shopper a producer or consumer?
consumer
$300 — What happens when people trade money for a product?
an exchange occurs
$400 — Why do businesses sell goods or services?
to meet customer wants or needs and earn money
$500 — If there are not enough resources for everyone to have everything they want, what economic idea does this show?
scarcity

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