Goods and Services
This is something you can touch or hold — like an apple or a book.
A good.
This word means someone who uses or buys goods and services — like a shopper buying an apple.
A consumer.
This word means to keep money for later instead of using it now.
Save
This word means that you must have something to be healthy and safe, like food or a warm coat.
A need.
This is something someone does for you — like a haircut or getting your teeth cleaned by the dentist.
A service
If an artist paints a picture and a shopper comes in and buys it, which person is the producer and which is the consumer?
The artist is the producer and the shopper is the consumer.
This word means to use money now to buy something.
Spend
This word means you have to make a choice between two things.
Decision.
Name two examples of goods you might find in our classroom.
Some answers include: pencils, notebook, crayons, markers, desk, chair, chromebook, backpack, or carpet.
Give an example of one person who can be both a producer and a consumer.
One example is a chef buying vegetables from a farmer (being a consumer), and then using those same vegetables to make dinner and sell it at a restaurant (being a producer).
Name one way someone can earn money at home.
Some examples include: doing chores, helping with dishes, or cleaning your room.
Going to the grocery store for food, or going to the trampoline park. Which one is a need and which is a want?
Going to the grocery store is a need and going to the trampoline park is a want.