Goods & Services
things that are made or grown
Examples: computers, shoes, strawberries
What is a good?
What is a capital resource?
someone who uses goods and services
What is a consumer?
Something that people must have to live.
What is a need?
Look at the picture. Does this show something used in the past, present or both?
(See google slide)
both
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, 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?
Name 2 wants and 2 needs that a dog has.
What are...
needs: water, food, shelter
wants: toys, leash, soft bed, treats
a teacher provides _____ when teaching students
What is a service?
Name a human and capital resource in this picture
(see google slide)
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 are consumers?
cell phone: want or need
What is a want?
What are water, trees (wood/shelter), animals, etc.
Provide 4 examples of goods
A good is something that is made.
books, shoes, phones, computers, cars, etc.
Name two examples of a capital resource that a baker would use.
What are a mixer, oven, baking trays, cookie cutters, 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?
Name something that was used in the past that is not used in the present (at least not in the same way).
What are
-candles for light
-horse drawn carriages for travel
-chalkboard and a slate for writing at school
Provide 5 examples of services
service: a job someone does for someone else
Examples: house painting, dog walking, dentist, doctor, landscapers, etc.
Name at least 3 examples of a human resource.
What are a....
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?
Name at least 3 basic needs for people to survive.
What are air, water, food and shelter?
How could someone be a producer and a consumer?
They buy goods to help them make/build/perform the good or service they are selling.
Examples: barber buys scissors and a comb (consumer) so they can cut hair (producer)
seamstress buys fabric, elastic and buttons (consumer) to make clothes they will sell (producer)