Kleveroo

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

Preview
Needs & Wants
Goods
Services
Money Choices
Economics Around Us
Host This Board for real

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.

Best For

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

Kleveroo is an online review game platform for teachers, teams, and families. Create Jeopardy-style boards, host live trivia, and play educational games — no PowerPoint templates required.

Find more like this

More History / Social Studies boardsGrade 3 boardssocial studieseconomicsneeds and wantsgoods and services

Like this game? Create your own with our free Jeopardy game maker.