SS.4.FL.1.6

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Describe ways that people who own a business can earn a profit, which is a source of income.
General Information
Subject Area: Social Studies
Grade: 4
Strand: Financial Literacy (Adopted in 2023)
Standard: Earning Income
Date Adopted or Revised: 06/14
Status: State Board Approved

Related Courses

This benchmark is part of these courses.
5021060: Social Studies Grade 4 (Specifically in versions: 2014 - 2015, 2015 - 2022, 2022 - 2023, 2023 and beyond (current))
7721015: Access Social Studies - Grade 4 (Specifically in versions: 2014 - 2015, 2015 - 2018, 2018 - 2023, 2023 and beyond (current))

Related Access Points

Alternate version of this benchmark for students with significant cognitive disabilities.
SS.4.FL.1.AP.6: Recognize that people who own a business can make money.

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Lesson Plan

No Lemons Only Limes: Now What? :

Using the case study, When Life Gives You Limes, students will discuss that goods can vary in price depending on supply. Students will work in groups to reimagine a lemonade stand business with a new product. To resolve conflict, they will also come up with strategies that were used as a group to brainstorm ideas on how to change their product. This will allow the students to decide what to do with their new product and which product to create using the materials that they have.

 

Type: Lesson Plan

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