Tuesday, June 5, 2012

Enterprising Economy!

This week we are studying about economy, the way a country runs its industry, trade, and finance!

We have learned that in the United States producers may make or do almost anything they can think of, as long as the law allows it.
Consumers may buy what they want and can afford.

This system is called free enterprise.

To practice these and other important words about economy, visit this link to play the Eword game!

Another wonderful way to study is to take the quiz below!

Everyday Economy! on PhotoPeach


What have you learned about economy?

What new information can you share?

(Tech. Tuesday Homework: Be sure to use at least 2 words from our list besides producer and consumer. Bold the special words you use! Write at least 3 sentences!)


  1. Dear Mrs. Ranney and class,

    I thought the test for the social studies words was interesting. When I took it I got eight out of ten correct.

    Here is my sentence for homework.

    During my time as a Girl Scout Daisy our troop took a trip to a factory where we saw a supply of colorful, adorable, fluffy stuffed animals.

    I hope you enjoyed reading my comment.

    Best wishes,

  2. Dear Mrs.Ranney snd class,

    I had to go to the market, and I bought an apricot. When I got home I washed the apricot, my mom cut it into two pieces, and suddenly a fruit worm crawled out. Then I opened the candy from the factory and hoped that no worm was in it.


    P.S This story is true.

  3. Dear Class,

    I easily got 100% on the quiz.
    An important industry is the Apple one.
    Most of the time things are made in a factory.
    Have you ever been in a factory, I haven't?

  4. Dear Class,

    I took the the quiz and I got 1 answer wrong. Did you know that assembly lines can have as many people and machines as a company needs? If the demand gets too big and you don't make enough of what you're selling, you might lose costumers.

    See you soon,

  5. Dear Mrs. Ranney and Class,

    In the automotive industry, manufactures have big factories where they have assembly lines that make up the components of a brand new car.

    My father works in the Radio industry and told me that the demand on his station for inventory high, which means that there is a limited supply.

    Car companies like Toyota and Nissan export and imports cars all over the World.

  6. Dear Mrs.Ranney and Class

    On the Everday Economy test I got everything right. I loved learning about how a consumer buys goods and a producer sells goods. One other thing I learned was that factories are a places where peole or robots make things that we use. My favorite thing I learned was that some things from the market are from diffrent countries.

    Best Wishes,

  7. Dear class,

    When I did the test, I got 100% ! I thought the Questions fordemand and supply were the hardest. I really enjoyed the test,and I hope you enjoy it too.


  8. Dear Class,

    I learned the difference between export and import. When you export goods, you ship thing to other countries. When you import, you bring in goods from another country.


  9. Dear Mrs. Ranney and class,

    A lot of people import stuff from other countries. Import means to buy goods from sellers in other countries. For example we need petroleum oil here and we import it from other countries. It all starts with our need here at home. Likewise, when there is a need for our products in other countries, we export our products to them (opposite of .) When I go shopping, I look at the label of the stuff I buy to see if it is imported or not.


  10. Dear Mrs. Ranney and class,
    Since we live in the United States, we are able to supply and meet many of the demands of our people with farming and factories located here.


  11. Dear Mrs. Ranney and Class,

    A producer is someone who makes goods for people. The producer can export it to a consumer. An import is when you get it.


  12. Dear Class,
    I have learned many things about economy.
    I now know that we import food from other countries and export food to other countries. I also learned that have many factories that produce different goods.

  13. Dear Mrs. Ranney and Class,

    I thought the way the economy works was a different way than it does. If a prouducer hires workers to work in his factory, he does not have to work by himself. If he wants to put the workers in an assembly line, that is a way to organize them. After the product is made, it can be exported out of the country. To export is to send to other countries for sale or for trade.

    See You Later,

    Hayley ♥

  14. Dear Mrs.Ranney and class,
    At my house I have a shirt that was imported from mexico. When I saw that shirt, I asked my perents about how you export and import things. They told me that to export and import thing, they first have to be made from an industy or a factory.

    Your Venus watcher,

    P.S On June 5 we will be able to see Venus by the sun at 6:00 P.M., and there was a brain pop movie that I wached and took the quiz on.

  15. Dear Mrs.Ranney,
    When I go to the market tommorrow, I will buy some school supply.If I ever go to Philadelphia, I want to visit the Hershy factory.

  16. Trey (Mrs. Yollis' student)June 5, 2012 at 7:59 PM

    Dear Mrs. Ranney,

    My class is also learning about producers and consumers. I learned that producers sells their goods at markets, and consumers are people how buys those goods. When I was playing on the slide show, I only got one wrong because I studied today.


  17. Mrs. Ranney and Class,

    Farmers use capital resources like tractors to help them harvet crops. These crops are known as natural resources that help them create an income. The farmers can produce income by exporting their goods to different countries.


  18. Dear Mrs Ranney and Class,

    I learned that an assembly line is a team of specialized workers, found in factories all across America. Lots of different products are made, some are exported around the world. My grandma loves to drink Red Bush tea that is imported from South Africa.

    See You In Class,

  19. Dear Mrs. Ranney and Class,

    Goods that are sold in the market can be made in factories. In those factories, workers assemble goods on assembly lines. Once the goods are made, they are sold in the market. Sometimes, the United States will export goods to other countries if there is a demand for those goods. The United States will import goods from other countries if the goods are needed here.

    Best Wishes,

  20. Dear Mrs. Ranney and class,

    As a consumer, I enjoy buying fresh produce from my local super market.

    When I went to the factory, there were so many people working on many different machines.

    Best Wishes,

  21. Dear Mrs. Ranney and Class,

    I have learned that our country imports splendid products because it needs these things. It exports materials to other countries that need the supplies. For instance the U.S. somtimes imports tasty spices from Asia. Most products are made in China, so if a consumer buys something and looks on the bottom of the product he or she may see the words "made in China."

    If there are a lot of the same products made by many different companies, you can call all the companies an industry.

    Best Wishes,

  22. Dear Mrs. Ranney and class,

    I learned that when you export something you are sending a good to another country, and you can send items to people and friends. One time my grandmother exported something to her friend in China from the United States.

    Recently, I imported something for my friend in the United States from Canada, and it was a glamorous ring embellished with diamonds.

    Best Wishes,

  23. Dear Mrs.Ranney and class,

    I took the fun quiz and got everything right. Someone who works in a fabulous factory they always work in a assembly line. I wish I can go to the Hersey's Factory.


  24. Dear Class,

    Here are my spelling sentences:

    When people go in a fragrant crayon factory, they usually see either hard-working employees or mostly flexible robots in assembly lines.
    When I see the outside of a factory, it is a building.


  25. Dear Mrs. Ranney and class,

    Hi, the Hershey's chocolate video made me very hungry! When I saw the all the rest of fantastic videos of the assembly lines and factories, it was a superb way to study! I hope you to thought it was a superb way to study.


  26. Dear Mrs. Ranney and Class,
    On the quiz, I got all of them right! I enjoyed the video about how they make the electronic robot arms and program them at the factory . I loved the chocolate video too. I wish I could buy chocolate now at the market .

    See you in 13 hours and 40 minutes,

  27. Dear Mrs. Ranney and class,

    I went to the market to buy food. A lot of food at the market comes from a factory. I went to a candy factory and saw how they made chocolate.

    Best wishes,

  28. Dear Class,

    A factory is a place where workers make a lot of things like toys and food. The workers make products on a assembly line. Then it gets transferred to a market like Ralphs.


  29. Dear Mrs Ranney and class,

    Usually a factory is where people work on an assembly line. The consumer will buy goods at the market.

    Best wishes, Jace


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:) Mrs. Ranney