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LESSON: OX-CART MAN
Lesson Summary
The ox-cart
man, his wife, his daughter, and his son worked all year to gather, grow,
and make goods to sell at the market. The man used the money he made to
purchase things they needed.
Concept: Consumers
Definition: Consumers are people who buy
goods and services.
Comprehension Questions
How did
the family earn money?
They all grew vegetables, raised
animals, and made goods to sell at the market.
What
good did the wife produce?
A shawl.
List
the steps in the production of the mittens he sold.
The man
sheared the sheep, the wool was spun on a spinning wheel into yarn, and
the daughter knit the mittens from the yarn.
Where
did the man become a consumer?
The Portsmouth
Market
What
did he buy? Did he buy goods or services?
Iron kettle, embroidery
needle, Barlow knife, and peppermint candies - all goods.
How did
he satisfy the economic wants of his family?
He bought an iron
kettle to help with the cooking of their food. He bought an embroidery
needle for his daughter to work on her fabrics. He bought a Barlow knife
for his son to carve broomsticks without having to borrow a knife. He
bought peppermint candies for the whole family to enjoy!
Will
the man be able to be a consumer again?
Yes, because he went home
with coins left in his pocket.
Other Concepts: Producers, Goods and
Services, Market, Human Resources,
Capital
Resources, Natural Resources | 
