Goods & Services
things that are made or grown
Examples: computers, shoes, strawberries
What is a good?
A type of resource that is a tool used to make a good.
What is a capital resource?
someone who uses goods and services
What is a consumer?
What is a need?
the amount of goods and services available
What is supply?
work that someone does for someone else
What is a service?
Name at least two examples of a natural resource.
What are...
animals, wind, air, trees, minerals, water, etc .
someone who makes or grows goods
What is a producer?
You have been saving your allowance for months to buy a gaming station. Is this a want or a need?
What is a want?
Ms. Woodbury has 16 books to pass out to students. She has 14 students. Does this example show scarcity or a shortage?
No - it is an example of a surplus.
a teacher provides _____ when teaching students
What is a service?
Name a human and capital resource in this picture.
human: people on assembly line
capital: assembly line, tools, etc.
Your adult is drinking coffee at the kitchen table while you are watching T.V. Are you and your adult producers or consumers?
What is a consumer?
cell phone: want or need
What is a want?
having more than enough of an item
What is a surplus?
provide 4 examples of goods
something that is made
books, shoes, phones, computers, cars, etc.
Name two examples of a capital resource that a baker would use.
What is a mixer, oven, baking trays, etc.?
A firefighter comes to the school when the fire alarm goes off to make sure everyone got out of school safely. Is the firefighter a producer or consumer?
What is a producer?
Producers sell goods and/or provide services. The firefighter is providing a service.
Which of these is a want?
-carrots
-juice
-lettuce
-water
What is juice?
A video game "Race to the Moon 3" was just released. The older version, "Race to the Moon 2", just went on sale. What is the supply and demand for the older game?
Low demand
High supply
provide 5 examples of services
Examples: house painter, dog walking, dentist, doctor, landscapers
Name at least 3 examples of a human resource.
What is....
teacher, architect, plumber, painter, lawyer, engineer, doctor, hair dresser, server, pilot, etc.
How can an artist be both a producer and a consumer?
What is by buying art supplies and selling finished artwork?
What is air, water, food and shelter?
Oranges grew very well this year and there is more of a supply than people usually buy. What will happen to the price of oranges?
What is the price will decrease?