Show:
Needs/Wants
Goods/Services
Producers/Consumers
100
Something people need to have to live such as air to breathe and food to eat is called a what?
Need
100
Things that are made, or grown like clothes, computers or fruit are known as what?
Goods
100
You are eating an ice cream cone that you bought while walking home from school. Are you a consumer or a producer?
Consumer
200
Is a pony a want or a need?
Want
200
Work that someone does for someone else is known as what? (for example, dog walking or a dentist)
Services
200
Mary made bracelets. She charged her friends 50 cents for each bracelet. Is Mary a producer or consumer?
Producer
300
Is a brand new pair of shorts a need or a want?
Want
300
I mow people's yards and look after their gardens. Am I providing a good or a service?
Service
300
You go to Walmart to buy folders for school. Is Walmart a producer or consumer?
Producer
400
List 3 wants.
EX: video games, car, boots
400
If there is not enough of a good or service it is called?
Scarcity
400
A person that buys a good or a service is called a ______.
Consumer
500
List 3 needs.
EX: Water, shelter, food
500
If I do not have enough money to buy a good or a service, what can I do?
Barter or Trade
500
A person that provides a good or a service is called a _____.
Producer