Grade 3 ยท Social Studies Video Lesson
Explain how the cost of production and selling price affect profits Video Lesson
Curriculum-aligned Grade 3 Social Studies lesson video for Explain how the cost of production and selling price affect profits. Use it for classroom preview, instruction support, or home review.
About This Video
Curriculum-aligned Grade 3 Social Studies lesson video for Explain how the cost of production and selling price affect profits. Use it for classroom preview, instruction support, or home review.
This watch page is dedicated to the video. For the complete text lesson plan, activities, standards alignment, and answer guides, use the companion lesson page: Explain how the cost of production and selling price affect profits lesson plan.
Video Learning Notes
In this lesson, students learned that the cost of production is the money spent to make a product, and the selling price is what customers pay. The difference between these two is profit, which is important for businesses to succeed. They also learned about entrepreneurs like Henry Ford and Sam Walton, who started new businesses and used these ideas to grow their companies in the U.S. free enterprise system.
Learning Goals
- Explain how the cost of production affects profits.
- Explain how the selling price affects profits.
- Identify individuals, past and present, such as Henry Ford and Sam Walton who have started new businesses.
Curriculum Context
Grade: Grade 3
Subject: Social Studies
Curriculum: TEKS