Words for Kids to Know
employer - a person or group of persons who hire
someone to do a job
employee - a person hired to do a job
Concepts for Kids
1. An important part of liberty is the freedom to
2. Free trade means:
3. For the trade to be free, the buyers and sellers,
employers and employees must agree on prices.
4. Free trade is a great example of cooperation. It
encourages people to work together peacefully.
5. Trade makes both the buyer and seller better off.
6. Trade makes both the employer and employee better off.
Yard Sale Shopping
Visit a garage or yard sale.
Help your child realize that the same people are both buyers and sellers depending on the situation. The objects for sale were once purchased by the seller. But now the seller would rather have the money than the objects. For example, the seller might have bought a crib when she was expecting a baby, but now the baby is grown and she wants to sell the crib.
Hold a yard or garage sale or participate in a flea market or rummage sale.
Encourage your child to sell some outgrown toys.
Allow him or her to use the money earned to shop for more interesting items.
Say thank you for each sale or purchase.
Info for Grown Ups
As you read these stories with your child, help him or her to see that free trade is voluntary, a form of cooperation, and makes both parties better off.
Let's Go to the Hardware Store
by Anne Rockwell
The illustrations tell the story of a young couple with a growing family. They also clarify some of the products sold in a hardware store. From the charming perspective of a young child, the text describes the projects planned and purposes of the tools and products purchased.
by Donald Hall
An early American farm family grows crops and livestock and makes useful products to support itself and earn money. This story provides a basis for discussing how people specialize in their work and trade for what they do not make themselves.
by Kate Smith Milway
This wonderful tale describes how a loan to an African boy, which he uses to buy a chicken, leads to prosperity for his community. The story details how hard work, budgeting, saving, investing, and using educational opportunities helps businesses grow, increases employment, and creates wealth. The story would appeal to middle elementary age students and older, the illustrations to everyone.
Ella Earns Her Own Money
by Lisa Bullard
In four short chapters, we hear the story of Ella's efforts to earn money for a new soccer ball. Colorful illustrations support the text. Caption boxes keep track of what Ella has earned.
by Jeanne Steig
The whimsical Illustrations of fleas! perfectly suit this imaginative story. Starting one morning, Quantz negotiates a series of trades. Though the swapped items are highly unusual, each trade clearly makes both parties happy. In the evening, the trading partners entertain one another with their acquisitions and Quantz clearly ends his day better off than he began.
by Leyla Torres
For Saturday dinner, Maria Lili's grandparents always prepare sanchocho, a savory stew made of chicken, vegetables, and spices. On a Saturday when they have a dozen eggs but no cash, Maria Lili and her grandmother head to the market to barter for sanchocho ingredients. Their experience shows the value of trade and the challenges of barter.
by Mitra Modarressi
The quiet and orderly town of Spudville will never be the same after Mr. Flotsam cleans out his basement and holds a yard sale. It takes some feedback from the community before the buyers see the value of their unusual purchases. The story and illustrations are charming and imaginative.