Earning Money
Grade 2 · Social Studies · Economics · Colorado, USA
Lesson Summary
People earn money by working at jobs. Different jobs pay different amounts.
Explanation
When people work at a job, they earn money called income. Different jobs earn different amounts of money. Some people work in offices, some in stores, some outdoors, and some from home. People choose jobs based on what they are good at and what they enjoy. Adults use the money they earn to pay for things their families need, like food, a home, and clothing. Doing chores at home can help kids learn about earning and responsibility.
Practice Questions
Q1: What is money that people earn from working called?
Answer: Income
Q2: Why do people work at jobs?
Answer: To earn money so they can pay for things they need and want.
Q3: Name one way a child can earn money.
Answer: Answers will vary. Examples: doing extra chores, having a lemonade stand, pet-sitting.
People Also Ask
What is Earning Money in Grade 2 Social Studies?+
Earning Money is a lesson in the Economics chapter of Grade 2 Social Studies. It is part of the Colorado, USA school curriculum and covers key concepts that students need to understand at this level.
What grade level covers Earning Money?+
Earning Money is taught in Grade 2 as part of the Social Studies curriculum in Colorado, USA.
How can I help my child with Economics in Social Studies?+
Start with the lesson summary and explanation on this page. Practice the questions provided, then use TutorTom for personalized, step-by-step help with Economics topics.