Economics and Trade
Grade 4 Social Studies · Newfoundland and Labrador, Canada
Understand how trade and economics connect communities and countries.
Lessons
What Is Trade?
Trade is the exchange of goods and services between people, communities, or countries. It lets everyone get things they need or want.
Imports and Exports
Imports are goods brought into a country from another country. Exports are goods sent out to another country.
Supply and Demand
Supply is how much of something is available. Demand is how much people want it. Together they affect the price.
Entrepreneurship
An entrepreneur is a person who starts a new business. Entrepreneurs see a need and create a product or service to fill it.
Budgeting and Saving
A budget is a plan for how to spend and save your money. Saving means setting aside money now so you can use it later.
People Also Ask
What topics are in Economics and Trade for Grade 4 Social Studies?+
The Economics and Trade chapter covers multiple lessons aligned to the Newfoundland and Labrador curriculum. Browse all lessons below to see the full topic list.
Is Economics and Trade part of the Newfoundland and Labrador curriculum?+
Yes, Economics and Trade is part of the official Grade 4 Social Studies curriculum in Newfoundland and Labrador, Canada.