Needs and Wants
Food, Water, Clothing, and Shelter.
What is a NEED?
We make a _______ when we pick between two things.
( FILL IN THE BLANK)
CHOICE
______ are things people grow or make.
GOODS
TRADE
People use ______ to buy what they need and want.
MONEY
Television, Bicycle, Toys, Games.
What is a WANT?
When there isn't enough of something it is _________.
SCARCE
_________ are jobs people do to help others.
SERVICES
A _____ makes or grows goods.
PRODUCER
To ______ means to put it away until later.
SAVE
Most people use money to _____ the things they want.
(FILL IN THE BLANK)
BUY
A ___________ is when you give up one thing to get something else.
TRADE-OFF
What service workers can you find at a school?
Example: Teacher, Principal, Coach, Cook.
A __________ uses goods and services.
CONSUMER
To ______ means to take something and promise to return it.
BORROW
We all need food to live. Is this a FACT or an OPINION?
FACT
The thing you give up is called the ______________.
OPPORTUNITY COST
Name three COMMUNITY service workers.
Examples: Police Officer, Mail Carrier, Firefighter, Bud Driver, Taxi Driver..
A ____ is a place where goods are sold.
MARKET
Jon wants a Baseball, but does not have enough money. So he works to earn money.
WHAT IS THE CAUSE?
Jon wants a Baseball, but does not have enough money.
All people have the same _______.
( FILL IN THE BLANK)
Three students want to color. There is only 2 colored pencils. One student must choose a different way to color.
WHAT IS THE EFFECT?
One student must choose a different way to color.
Name two goods and two services.
GOODS Example: Pencil, food, baseball, clothes, etc
SERVICES Example: coaching, cooking, teaching, driving, fixing, etc
You can find food, clothes, toys, and other goods at __________.
MARKETS
I think it is better to save than to spend your money.
Is this an OPINION OR FACT? WHY?
OPINION...I think.