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Production and markets

Social Studies

Production and markets

An AR classroom game for Grade 4. Learners can aim with their hands at the camera or play by tapping the screen.

This set has 6 questions in an interactive multiple choice activity.

Curriculum indicatorส 3.1 ป.4/1

A look before you play

Sample questions

A few real prompts from the game to help you choose an activity for your class.

  1. What are the factors of production?

    • Land, labour, capital, entrepreneurs
    • Land, labour, customers and competitors
    • Money, machines and shops
    Read the explanation

    Land, labour, capital and enterprise - four in all.

  2. What is demand?

    • The quantity of goods in the market
    • How much consumers will buy
    • How much producers will sell
    Read the explanation

    How much consumers will buy at each price.

  3. What is supply?

    • What consumers want to buy
    • The price buyers and sellers agree on
    • What producers want to sell
    Read the explanation

    How much producers will sell at each price.

Before you play

Game teaching guide

What children will practise

Practise basic economics of production and markets: the four factors of production, what demand and supply mean, what happens to prices when goods are scarce or in surplus, and how competition benefits consumers.

What's in the worksheet

6 multiple-choice questions, 3 options each - The factors of production (land, labour, capital, entrepreneur) - Demand (consumers' wish to buy) and supply (producers' wish to sell) - Scarce goods make prices rise; a glut makes prices fall - Competition helps consumers through more choice and better quality

How to use it in class

Use after teaching producers and consumers; about 6 minutes. - Demand and supply are usually taught above Grade 4; if the class has not met the terms, explain them before playing or treat questions 2 and 3 as enrichment - Before questions 4 and 5, give a familiar case, e.g. durian is dear early in the season and cheap at the end, and let children predict before choosing - Play in teams, each team running a pretend shop; a correct answer lets the team 'sell', which keeps the vocabulary alive - If questions 2 and 3 go badly, write demand = want to buy, supply = want to sell in the corner of the board and replay - Play it linked to the class to record results in the mark book.

Common sticking points

- Questions 2 and 3: demand and supply are the most swapped pair, and each question uses the other as a distractor; a hook is demand = buyer's side, supply = seller's side - Question 1: 'land, labour, customers and competitors' starts like the answer, so children who read only the first half pick it - Question 5: some think more goods means higher prices; picture fruit sellers cutting prices at the end of the market day