Needs, Wants, and Choices
Something you must have to live.
A need
Things people grow or make.
Goods
A person who provides goods or services.
A producer
A plan for spending and saving money.
Budget
What people do to produce goods and services.
A job
Things people like to have.
Wants
Tasks people do to help others.
Services
A person who buys or uses goods or services
A consumer
To give money to others.
Donate
What a person does at a job.
Work
Examples are pizza, juice, and backpacks.
Wants
Examples are food, dishes, tables, and chairs.
Goods
Name a place producers can sell their goods and services.
A market or online
Another word for spending money
Using money
How can goods be moved all around the world?
By trucks, trains, boats, and planes.
Examples are food, water, and shelter.
Needs
Examples are teachers helping you learn and cooks making you food.
Services.
Buying a new computer would make me a _______.
Consumer
Another word for traded.
Exchanged
Why do some people work, but not earn money?
They care for others or their families.
The reason people must make choices.
Limited resources/ limited money
Designing a suit is an example of a ________.
Service
A doctor is an example of what?
500 pnts Producer
Bonus 100 pnts! Both a producer and a consumer
A family has $100.
Food costs $50.
New plant costs $10.
Clothes cost $10.
House costs $40.
What should they not buy?
The plant
Bonus 100 pnts: Why not?
To make better.
Develop