Goods and Services
What is a good?
Things people make
What is a consumer
a person who buys goods and services
What does it mean to spend money?
to use money to buy goods or services
What is a cost
what you give up when you decide something
What is money?
paper bills, and coins used to pay for goods and services
What is a service?
a job someone does (a barber cuts hair)
A person who makes goods and provides services
not spending now, so you can use later
What is a benefit?
What satisfies something you want
coins and bills
a good
Who is a consumer in a store
the one buying things
Why might you save your money
if its something you don't need right now, you save your money and buy it later.
What is the cost/downfall of buying a toy?
to buy goods and services
Is teaching a service or a good?
a service
Who is the producer at a bakery?
the baker
What happens if you spend all your money?
You won't have money to save or buy later
What is the benefit of cleaning your room
a clean space, and make your mom happy
Name something you can buy with money
Name 1 good and 1 service
anything
Can a person be a consumer and producer?
yes, a chef buys food, and cooks meals for people
put in a piggy bank
Tell a story with cost and benefit
I gave up my iPad to clean, benefit, was my room looked nice
Why is money important