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Life skills

Grade 1

Money money

Module 6

Market day

Look at the advertisements on the promotion page (your teacher will give you one).

  • Choose one.
  • Tell the class what the reason for your choice is.

I chose this advertisement

  • I can explain how they tried to persuade me to buy this product. YES / NO
  • Design a product that you would like to sell on Market Day.
  • This is what my product will look like!

Draw or write in the trolley down all the things you will need to make your product.

  • Draw a picture of you and your friend selling products on Market Day.

Assessment:

Learning Outcomes(LO’s)
LO 2
SUSTAINABLE GROWTH AND DEVELOPMENT The learner will be able to demonstrate an understanding of reconstruction, sustainable growth and development, and to reflect critically on its related processes.
We know this when the learner:
2.6 uses artistic skills (e.g. drawing, cutting, measuring, pasting) to design and produce environmentally friendly products that could be sold or exchanged in the community.
ARTS AND CULTURELO 1
CREATING, INTERPRETING AND PRESENTING The learner will be able to create, interpret and present work in each of the art forms.
We know this when the learner:
1.3 Drama : participates in simple dialogue and action sequences based on familiar experiences in own family or community.
TECHNOLOGYLO 1
TECHNOLOGICAL PROCESSES AND SKILLS The learner will be able to apply technological processes and skills ethically and responsibly, using appropriate information and communication technologies.
We know this when the learner:
1.2 Designs: chooses suitable material or substances to make simple products to satisfy a given need;1.3 Makes : makes simple products from different materials.

Memorandum:

Occasions like Entrepreneurs Day or Market Day may be ideal to utilise, as learners get the opportunity to sell their own products and to work with money.

  • Learners must design a product to sell on Market Day, e.g. cookies baked at home or decorated bags to put products in. They must first decide which materials they will need and then design / make a simple advertisement on page 11. This is an ideal opportunity to make them aware of expenditure, profit and loss.

Let the learners draw a shop-shelf with a variety of products on a A3 page.

Questions & Answers

price paid by consumers after the sales tax is called?
Pinias Reply
why government impose price floor on certain products?
Pinias
how can black market be occurred when price ceiling is introduced?
Pinias
Is it necessary to make decision when it fails you
Evelin Reply
Pls when what fails u
MP
I think so
Kini
well i might naught know what you on about but i gotta tell you, it is necessary
Troy
yep
Ibe
Kk
MP
yep
Ibe
how can the demand side approach solve unemployment
Tshepiso Reply
demand side approach to solve unemployment
Tshepiso Reply
no get ur questions
Ibe
differentiate between choice and scale of preference
ALFRED Reply
choice are the various wants of every individual whiles scale of preference is the list of unsatisfied wants arranged in order of important priority
Kini
choice refers to the act of selecting from alternatives or it refers to the act of choosing one thing instead of the other but Scale of preference refers to the listing of wants in order of important by providing the pressing need on top and the less pressing need at the bottom
Ebenezer
four cardinal types of demand
Henry Reply
what are the types of demand
Henry
they are the derived,complementary,substitute and supplementary demands
Kini
What is equilibrium
Khan
hi
Ayesha
hello
Kini
equilibrium is the state of balance where there is no tendency for a change to occur.
Kini
Derived, competitive, complementary and composite demands
Aziz
Hi
MP
why is economics said to be a dismal science?
Kini
hi friends
Ibe
hello
Owusu
fyn
Ibe
fyn what is meaning of monopoly
Ibe
monopoly is when a particular good is produced without competing with any other good.
Ebenezer
good evening
Tweneboah
draw the market demand curve from the individual demand curve?
Shilpa
With the aid of diagrams,compare the short run equilibrium positions of a perfect competitor and an imperfect competitors
Monlay Reply
What is the term consultation in economics?
Nthabiseng Reply
why is it that the long run Average cost curve does not touch that of the short run curve at its minimum?
Baah Reply
In few words, what is the role of interest rate in economy?
Carlos Reply
what is population
Nyakeh Reply
total number of people in a given area or country
Clement
the total number of people at a given area or country
Clement
total number of people in a given area or country
okhiria
What is price Elasticity of demand?.
Samuel
The responsiveness of the quantity of a commodity demanded to a change in its price, expressed as the percentage change in quantity demanded divided by the percentage change in price.
EMMANUEL
why is it that the long run Average cost doesn't touch the short run cost curve at its minimum?
Baah
what is supply
Precious
please rice and beans will be what type of demand but note we mostly cook it together
Oladosu Reply
complementary or joint demand
Yillah
but did you know you can demand for rice without beans so how is it joint or complementary
Oladosu
From my point of view, rice and beans are replaceable goods, hence they can't be complementary.
Carlos
what are the money value
Wisdom Reply
Nothing more than a purchase power, in other words, $100 now, must have the same value after 1 year.
Carlos
what is Monopoly
Rebecca Reply
what is money
Lawal Reply
It can be define as a big transaction that can control any business for one place to another base.
Akinlo
money is recognisable note to accept both parties selling and buying
Hassan
i don still understan
Rene
hey
Abdul
hi
Rene
money is anything generally accepted as a medium of exchange
Awwal
Money is anything generally accepted as a medium of exchange and for the settlement of goods and services .
Korda
hi good ppl, pls help out
Tumi
discuss human and natural resources as develop strategies ro improving living condition of citizens in developing countries.
Tumi
I don't understand the question.
Naomi
it's a form of currency used for 2 or more individuals or parties in order to reach their amicable personal or business attainment. one must understand that money itself can manifest in multiple fashions for which the individuals or parties adheres.
are u trying to say we shld discuss ways in which human natural resources help in improving living condition of citizens in developing countries?
Naomi
money is a legal thunder generally accepted as a medium of exchange for the payment of debt ,goods and services
Naomi
money is a way of payment.
Carlos
money is any thing that is generally accepted as a medium of exchange good for good and settlement of debt and means of payment
Yillah
money is nothing but a object which is used for exchange of goods and services.
Harshita
money is anything that is generally accepted as payment of goods and services and settlement of debt
Rebecca
Researchers demonstrated that the hippocampus functions in memory processing by creating lesions in the hippocampi of rats, which resulted in ________.
Mapo Reply
The formulation of new memories is sometimes called ________, and the process of bringing up old memories is called ________.
Mapo Reply
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Source:  OpenStax, Life skills grade 1. OpenStax CNX. Sep 21, 2009 Download for free at http://cnx.org/content/col11103/1.1
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