Save or Spend
Lilly really wants ice cream NOW. what should she do?
Save or Spend
Spend
What is are goods?
Something you can touch, or things that are made/grown to be sold.
A pizza is being delivered to a house by a pizza delivery person. The person who is getting the pizza for dinner is a...?
Think of your Vocabulary words!
CONSUMER
Sam sees a new camera at the store. He does not need the camera now and knows that the camera will go on sale later. What should Sam do?
Spend or Save
Save
What is a service?
Something that someone else does for you.
A farmer has been working all year to grow their crops. This farmer is working as a...?
Think of your Vocabulary words!
PRODUCER
Kevin has 20 dollars. He goes to the store and sees his favorite candy, but he knows that he has a special trip coming up. However Kevin buys the candy anyways. Kevin can best be described as a ____________
Spender or Saver
Spender
What is a consumer?
A person who purchases/buys goods and services.
Ms. Pak loves her dogs, but one of them is sick. She take her dog to a veterinarian, who check up on her dog. When Ms. Pak pays the veterinarian for the check-up what is she paying for?
Think of your Vocabulary words!
SERVICE
Maddy just got paid for doing her chores. She really wants a new pair of shoes, but she knows that her best friends birthday is coming up so she puts the money in her piggy bank. Which best describes Maddy?
a. consumer
b. saver
c. spender?
Saver
What is a producer?
A person or company that grows or supplies/provides good and services for sale.
A farmer has grown all of their crops, and takes them to the grocery store. Ms. Malone enters the store and buys her favorite snacks. What is Ms. Malone paying for?
Think of your Vocabulary words!
GOODS
Over a time of 5 weeks Joe had 100 dollar in his piggy bank. What did Joe do over 5 weeks to have 100 dollars?
Spend or save?
Save
What is scarcity?
Not having enough of a given good or service.
Sally goes the store to buy strawberries, but when she gets to the store there are only 5 boxes left. The strawberries are _________.
Think of your Vocabulary words!
SCARCE