Feb. 21, 2007: Business For Kids

The Mini Page is a syndicated, four-page tabloid written for young children found each Wednesday in the Rocky Mountain News. This issue of The Mini Page is available through the eEdition Archive to registered eEdition subscribers. Click here to learn about subscribing to the eEdition at no cost to you (for Colorado teachers).

Activities:

1. Think about "goods" (objects you can see and touch) you would like to buy. Write the word "Goods for Me" on a piece of poster paper. Now look at newspaper ads and cut out pictures of the goods you would like to own. Paste them on your poster. Put a star next to the three things you want the most.

2. Find a newspaper ad for goods or services that would appeal to (a) your best friend, (b) an entertainer, (c) an athlete, and (d) an explorer. Explain your choices.

3. Look for a news story about a local business. Write the name of the business at the top of a piece of paper. Under the name, write the following information: what the business sells; who buys the goods/service the business provides; why the business is important to your community.

4. Interview six family members or friends. Ask them to name goods or services they need. Ask them to explain why those goods or services are important to them.

5. Select one of the goods or services that was identified in your interview. Pretend you are going to go into business and provide that goods or service. Write a paragraph describing how you would go about setting up your business. Include answers to these questions in your paragraph:

  • Where could you go to get money for your business?
  • What people might be interested in the goods/service?
  • What materials must you have to set up your business?

Develop a slogan for your business. Design a newspaper ad for your business. List three specific things you will do to make sure people know about what you provide.

This week's standards:

  • Markets exist when buyers and sellers interact. (Markets, Price and Quantity Determination)
  • Money makes it easier to trade, borrow, save, invest and compare the value of goods and services. (Role of Money)
  • Entrepreneurs are people who take the risks of organizing productive resources to make goods and services. (Profit and the Entrepreneur)

(standards by Dr. Sherrye D. Garrett, Texas A&M University-Corpus Christi)

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