How do Polish children understand economic concepts?

Knowledge and understanding of basic economic concepts is crucial for the future orientation of a child in a world of economy and influences taken in this sphere behaviors. Nowadays, children earlier and earlier begin activity in the market, thus the role of economic knowledge increases. This paper presents the results of the research on the fundamental concepts of economic knowledge and understanding of market mechanisms by the children attending the first and sixth grades of primary school. In particular, it analyzes the process of gaining knowledge about money, banks and relation between the supply of a particular good and its price. The results show that children gradually gain economic knowledge, reaching the level enabling to understand the relations between particular actors of the market at the age of twelve.