This economics project is by Emily Stout at We are Teachers (2nd grade lesson plan). Kids explore wants / needs as they balance money in Kid Town.
In order to have money, they startup a business. They collaborate, design store signage, create a window display (out of poster board), and market their product. However, they have expenses (rent). Plus, their list of needs comes before their wants. Students find that they might not always be able to get what they want with their earnings.
Who's a big spender and who's a bill saver? Click here for the full activity!