Establishing Economic Literacy Foundations in Early Childhood
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Abstract
This academic article aims to explain the meaning, importance, and key components of economic literacy in early childhood, as well as to propose appropriate learning approaches that align with young children’s developmental characteristics. The study employs document analysis of theoretical perspectives and international early childhood education standards related to economics and personal finance. The findings indicate that economic literacy in early childhood encompasses fundamental concepts such as needs and wants, scarcity and choice, rational decision-making, goods and services, roles of producers and consumers, work and income, money, saving, and spending. These concepts can be effectively fostered through active learning, play-based learning, experiential learning, and social learning approaches, with strong collaboration among families, educational institutions, and communities. The article highlights that nurturing economic literacy from an early age lays a crucial foundation for life skills development, rational thinking, and responsible resource management, ultimately supporting sustainable economic behaviors in later life.
Article Details
Articles published are copyright of the Journal of Home Economics Technology and Innovation. Rajamangala University of Technology Thanyaburi The statements contained in each article in this academic journal are the personal opinions of each author and are not related to Rajamangala University of Technology Thanyaburi and other faculty members at the university in any way Responsibility for all elements of each article belongs to each author. If there is any mistake Each author is solely responsible for his or her own articles.
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