Marketplace

Marketplace

by Shevonne Flores

Needs and Wants Review​

Multiple Choice

• need

• want

Multiple Choice

• need

• want

Multiple Choice

• need

• want

Goods and Services Review​

Goods

Goods are things that people grow or make.

Services

Services are the jobs people do to help other people. Anyone who works but does not make or grow something provides a service.

​

Multiple Choice

• good
• service

Multiple Choice

• good
• service

Multiple Choice

A service job might be...

• a plumber

• a coal miner

• a farmer

Multiple Select

A service job might be...

• a nurse

• a police officer

• a teacher

​What is a Marketplace?

​A marketplace or market is where things are traded, bought, or sold.

​Types of Marketplaces

​There are many types of markets. Large markets like shopping malls or flea markets are called marketplaces.

​Types of Marketplaces

​A market can be as small as a lemonade stand or a neighborhood convenience store on the corner.

​Why are markets important?

​Markets make getting the things we need and want in our daily life easier.

​Consumers and Producers

​Consumers

​A consumer is a person who uses goods and services. Consumers spend the money they earn to buy the things they need and want.

​Consumers

​Consumers have to make choices everyday. What to buy, what not to buy, and how much to pay.

​Consumers

​Everyone is a consumer. The choices we make with our money today help determine what goods and services will be available the future.

​Producers

​Producers are people who grow food or make goods. These foods and goods are called products.

​Producers

​Producers can also be people who provide services.

​Producers

​Producers make products or sell their services to the consumer.

​

Many products are sold to a store or marketplace first and then to the consumer.

Multiple Choice

Producers might ...

• drive a truck

• buy a chair

• fix phones

Multiple Choice

Producers might ...

• eat an apple

• cut hair

• ride a bike

Multiple Choice

A _________ grows or makes goods.

• producer

• consumer

Multiple Choice

Everyone is a ________.

• producer

• consumer

Multiple Choice

A consumer uses ______ to buy what they need and want.

• services

• money

• marketplace

Multiple Choice

A _______ is where things are bought and sold.

• want

• money

• marketplace