Consumers
What do we call someone who buys goods and uses services?
A consumer
Who makes the goods or provides services?
A producer
What do we call things that producers use to create goods?
Resources
Who is a seller?
A person who sells goods or services.
What is the cost of buying something?
What you give up (money).
What is an example if a good that a consumer might buy?
Cookie, bike, etc.
What is an example if someone who produces?
A farmer, baker, etc.
Name one resource that a builder might use
Wood, nails, etc.
Why do sellers depend on buyers?
Because they need buyers to sell their goods and services.
What is a benefit when you buy something?
What you gain or what you need.
What is the name of the place where people buy and sell goods
A market
How do producers create goods?
By using resources.
What are two examples of resources?
Wood, nails, tools, etc.
What happens when you buy a good or service?
The seller earns money.
If you buy a toy, what might be a cost?
You will have to give the seller your money.
If a boy buys a cookie for himself and one for his sister, who is the consumer?
The boy is the consumer.
What kind of jobs do producers have?
Making goods or providing services.
How do resources help producers?
They help them make goods or provide services.
How can sellers use the money they earn?
To buy things they need or to invest.
What do consumers think about when making a choice?
The costs and benefits.
What does it mean to be a consumer in simple words?
A person who buys and uses things.
What is one thing that a dairy farmer produces?
Milk
What resources would a baker use to make a pie?
Blueberries, flour, sugar, etc.
What is an example of a seller providing a service?
A painter, a bike repair person, etc.
What is an example of a benefit from buying a bike?
You get to ride the bike.