Allocation of goods and services

Front

A service is ....., Options: something someone does for you., something someone makes., something someone creates., something you find in a store.

Back

something someone does for you.

Front

A good is......

Back

something you buy, something you need or want, something you use or consume.

Front

When goods or services are hard to get or find, we say they are......

Back

scarce.

Front

When goods, services or resources are scarce, sometimes the cost of that good or service goes up and it becomes expensive. We call this allocation by ....

Back

price.

Front

When goods, services or resources are scarce, decisions have to be made about who will have them first. We call this process.......

Back

allocation.

Front

Sometimes when goods, services or resources are scarce, the first people who come to get them, are the first to receive them. We call this.....

Back

first come, first served.

Front

Sometimes when goods or services are scare people divide things out so that everyone who wants or needs it gets a little bit. We call this method of allocation......

Back

sharing.

Front

Giving goods, services, or resources out to the people who have long hair is called allocation by.....

Back

personal characteristics.

Front

Sometimes, the person, or people in charge must make decisions about how goods, services or resources should be allocated. This is call allocation by....

Back

authority.

Front

Sometimes goods, services or resources are given to people because they win them. We call this method of allocation....

Back

a contest, a drawing or a lottery.