About Buying and Selling
Other Vocabulary
Goods and Services
Needs and Wants
Short-term and Long-term Goals
100

What are things that can be bought from a store called? Example: toys, food

Goods

100

What is something that is necessary to live called? Example: food, shelter, air, water

Needs

100

Is a computer a good or a service?

Good

100

Air is a ___. (Need or Want)

Need

100

Buying a small toy is a ______ goal. (Short-term or Long-term)

Short-term

200

What are things that are done by someone in exchange for money? Example:going to the doctor

Services

200

What is something that isn’t needed to survive, but would be helpful? Example: toys, phones, computers

Wants

200

A dentist provides a ___. (Good or service)

Service

200

A phone is a ______. (Need or Want)

Want

200

Buying a computer is a ______ goal. (Short-term or Long-term)

Long-term

300

What is someone who buys things called?

Consumer

300

When something only takes a few days or weeks to save for, what is that called? Example: buying a candy bar

Short-term goal

300

Is a book a good or a service?

Good

300
Water is a ______. (Need or Want)

Need

300

Buying candy is a ____ goal. (Short-term or Long-term)

Short-term

400

What is someone who sells things called?

Producer

400

When something takes months or years to save for, what is that called? Example: buying a phone or big Lego set

Long-term goal

400

A hairstylist provides a _____. (Good or service)

Service

400

A toy is a _____. (Need or Want)

Want

400

Buying a phone is a _____ goal. (Short-term or Long-term)

Long-term