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Financial Knowledge

Can you finish mini-market entrepreneur challenge in about 30 min?

Mini-Market Entrepreneur Challenge

You will this activity introduces basic entrepreneurial concepts, like supply and demand, through real-life selling.

Duration30 min
Age GroupAges 10–11
DifficultyBeginner
SubjectFinance
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Concept

What this lesson teaches

This activity introduces basic entrepreneurial concepts, like supply and demand, through real-life selling. Children learn how to set prices and interact with customers, developing critical thinking and communication skills.

Materials

What you need

    Steps

    How the activity runs

      Why It Works

      The learning connection

      Experiential learning through role-play engages children deeply, allowing them to understand market dynamics firsthand. Using Vygotsky’s scaffolding, they receive feedback from family members, guiding their understanding and decision-making in a supportive environment.

      Extend the Lesson

      Try it with your learner

      1. Decide on a product you can make (cookies, crafts, etc.). 2. Gather materials to create 5 items (e.g., 10 cookies, 5 paper crafts). 3. Set prices for each item (consider cost and time). 4. Create signs to showcase your items and prices. 5. Invite family members to your market and sell! 6. Discuss with them how much money you made and what worked well.

      Financial Knowledge30 minAges 10–11Grade 5Sign in to save this activity
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