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LESSON: BENNY’S PENNIES
Lesson
Summary
Benny McBride has five pennies to
spend. What will he buy with his pennies? Benny spends his
five pennies on gifts for his family and pets.
Concept: Consumers
Definition: Consumers are people who buy
goods and services.
Comprehension
Questions
What are three things that people
typically do with the money they earn?
Save it, spend it, or give
it away.
What did Benny decide to do with
his money?
Spend his money. Bennie became a
consumer. He decided to spend his money on his family and
pets.
What is a consumer?
A person
who buys goods and services
How did Benny get his money?
How do people typically get money to spend?
The story doesn’t say
how Benny got his pennies. Typically, people work at jobs to earn
money to spend. People work as producers to make either goods or
services. Sometimes people get money as a gift. Maybe Benny got
his pennies that way!
Did Benny purchase goods or
services with his pennies?
Goods
What goods did he purchase and for
whom did he purchase them?
He purchased a rose for his mother, a
paper hat for his sister, a cookie forhis brother, a fish for his cat, and
a bone for his dog.
When Benny purchased the goods, who
benefited from this?
The person who sold the good, Benny, and, of
course, his family and pets who received the gifts Benny gave them!
Remember – both parties benefit from a trade or exchange.
Other Concepts: Goods and
Services, Trade and
Money | 
