Goods and Services
Is a hair dresser a good or service?
Service
Income is money someone makes by doing their job.
An example of a consumer is a quilt maker.
No, this would be a producer
What is the big word we are learning about in Social Studies that is all about spending money to purchase goods and services?
Economics
True or False
A need is something you dont have to have but you really wish you did.
False
When you go to Target and buy shampoo is that a good or service?
Good
What is a consumer?
A consumer is someone to buys something.
Give an example of a consumer
A person who goes and buys....
Give ONE example of a service
Answers will vary
What is a NEED?
Something you have to have to survive.
Something that someone does for others and gets paid for.
Give the definition of BUDGET.
Balancing the money you save and spend.
When you purchase items from Target, you are called a
Consumer
People make a plan for spending their money each month and it is called
budget
Give an example of a NEED
Answers will vary...
What is a good?
Something that you buy. (Can touch or hold)
True or False
A dog is a good and service to some people.
TRUE
Who makes goods or provides services?
Producers
Tom opens his own salon. People pay Tom to give them a massage or paint their nails. Tom is a...
Service
Give an example of a WANT
Answers will vary...
Give an example of a good and service.
Examples:
G- Ice cream, car, phone, pencil
S- Mail man, police officer, teacher
What is a Producer?
Give an example of something you can produce.
A producer makes things to sell, for example, a farmer.
True or False
When Jerry goes to the store and buys candles for his mom's birthday he is a producer.
false
Give TWO examples of a good
Answers will vary
Explain the difference between a need and a want
Needs- are something you need to survive, and a want is something you can live without, but would like to have.