Show:
Goods and Services
Producers and Consumers
Supply and Demand
Profits and losses
Barter,Transportation, and Scarcity
100
Things that you buy
What is a good?
100
A person who provides goods or services.
What is a producer?
100
How many people want it.
What is demand?
100
Money that a business owner loses
What is a loss?
100
to trade
What does barter mean?
200
Work performed for others
What is a service?
200
Pays for goods and services.
What does a consumer do?
200
How much of a product there is.
What is supply?
200
Money that a business owner makes.
What is a profit?
200
See us!
Name a transportation.
300
Providing a service
If a person bought a good at a store, what is the person who helped her find that good doing?
300
A consumer pays for goods or services and a producer provides goods or services.
What is the difference between a producer and a consumer?
300
Supply means how much of a product there is and demand means how many people want it.
What is the difference between supply and demand?
300
Profit
Fill in the blank. Cassidy made a ____ of 5$
300
bartering
If Jenny and Patrick are trading things what are they doing?
400
See us!
Name a service
400
A consumer
If Julian is buying bananas, who is he?
400
Yes
If the supply of books was higher than the demand, would there be any books left over?
400
Loss
Fill in the blank. Joe spent his money on lemonade supplies, so he had a ____
400
Scarcity
If Lily and Amy went to the store and they both wanted the same thing and there was only one left, what is this called?
500
A producer
If Lily is providing goods and services who is she?
500
A producer
If Sergio is having a lemonade stand, who is he?
500
Some people couldn't get any ice cream
Fill in the blank. The supply of ice cream was lower than what the demand was for ice cream,so ______
500
A profit is the money a business owner makes, and a loss is the money a business owner loses.
What is the difference between a profit and a loss?
500
When there are more people that want an item than the number of items there is.
What does scarcity mean?