Money Doesn't Grow on Trees
Source: Council for Economic Education (EconEdLink) | Type: Lesson
Money doesn’t grow on trees. This lesson introduces students to four ways people get money—they find it, win it, receive it as a gift or earn it. Finding, winning and receiving money often depend on chance and luck. Most people get money by earning it. Students explore allowances and doing work for pay as sources of extra money to buy something they want. They also differentiate between earned and unearned income. This lesson can be used alone or in combination with the lesson 'I Can Be an Entrepreneur.' When used alone, students create a simple plan for earning the money they want to achieve a specific objective. 'I Can Be an Entrepreneur' has students spending additional time exploring business opportunities for earning money and creating a more detailed earning plan that considers profit and loss as well as how they might advertise what they are selling.
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