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Goods and Services Reading Packet

Informational passage on goods, services, price and how a market works, followed by a graphic organizer, vocabulary matching, a market drawing and multiple-choice questions.
Grades
Grade 3, Elementary
File type
PDF
Preparation
Print ready

Updated Oct 02, 2026

Subject
Social Studies, Economics
Topic
economics, goods and services
Resource types
Worksheets & Printables, Worksheets
Preparation
Print ready

About this resource

What's inside this resource

The Goods and Services Contributions Reading Packet is an engaging economics resource for 3rd grade students. This printable packet teaches key vocabulary and concepts related to goods, services, production, and consumption. Students will read an informative passage explaining how people and businesses contribute goods and services to meet the needs and wants of a community. Comprehension activities allow students to apply their knowledge through multiple choice questions, graphic organizers, and short answer responses. This self-contained resource can be used flexibly for whole class instruction, small group work, or independent practice. Answer keys are provided for the teacher. This social studies supplement reinforces economics standards while improving reading skills.

In the classroom

Teaching tips & learning objectives

Learning objectives

  • Explain the difference between goods and services
  • Show in a drawing how a market works

Skills covered

  • Vocabulary — matching economics terms such as goods, services and price to their definitions
  • Reading comprehension — answering multiple-choice questions about goods, services and price

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