What is a producer?
A person who grows, makes, or sells a product
What is a consumer?
A person who buys or uses goods and services
What are goods?
These are items that can be bought or sold
Food, water, and shelter are examples of this
Need
What is conservation?
Saving our natural resources
What are producers
A farmer, a baker, and a factory worker are all examples of this.
When is a person a consumer?
When you buy a carton of milk, you are acting as this
What is a service?
This is work done by others, such as a haircut or a doctor check-up
A new video game console or a toy is an example of this
want
This resource is used to produce paper
Tree
What is income?
This is the money a producer earns after selling their goods
What is consumer demand?
This determines what producers decide to make
A teacher or a police officer provides this to the community. Good or service?
Its a service
This is why people cannot have everything they want
Because of scarcity
This type of energy is used by plants to produce their own food
Sunlight energy
What is a factory?
A place where raw materials are turned into finished goods
What is a good?
Someone who buys a video game is consuming this, not a service
Examples of these include toys, food, and clothes
Goods
What is a toy (or other luxury item)?Need or want?
This is a, "want" that is not necessary for survival
A person who picks up litter is trying to maintain......?
The environment
What is free enterprise?
When someone owns their own business, they operate in this type of system.
What is buying (or purchasing)?
This is a common action a person performs when visiting a store
What is a want?
This occurs when a producer makes something that is not needed for survival
True or False: Fruits and vegetables are examples of needs
True
This is the process of making something new from old materials
Recycling