BWF teaches business basics during inaugural Market Day

Third-graders at Brookwood Forest Elementary held their first BWF Market Day on Friday, Oct. 16, in the BWF auditorium. Students, family members and BWF staff attended.

The third-graders planned a creative business and produced a product or service  to “sell.” The students made at least five to 10 items to “sell” or came equipped to administer a special service.

Some examples of creative products included painted rocks, homemade duct tape key rings, homemade brownies, pocketbooks and original works of art. An example of creative services included how to be a sports coach (how to throw a football). 

Students created a business display that included the name of their business and the price of their product/service. Students priced their goods or services as either $1, $2 or $3 Ranger Bucks and had to consider competitive pricing when deciding upon a cost for their good/service. 

This project served as an invaluable learning opportunity for our students and  helped solidify the students’ understanding of important economic concepts, including supply and demand, advertising, producer and consumer, as well as economic competition. 

- Submitted by Kathleen Woodry.