Economics- Types of Goods VS Services

Types of Goods VS Services

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Today we will learn about the different types of goods and services.   

Economics

is a tool or good such as machinery or equipment that is used by businesses to produce other products

​Capital Good

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•  is a good intended for final use by individuals

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​Consumer Good

Types of Goods

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Match

Match the following goods

• Consumer good

• Capital good

• Service

Broom

Tractor

Waste Management

• Broom

• Tractor

• Waste Management

Open Ended

Define a capital good

Multiple Choice

What type of good is this?

• Captial

• Consumer

Multiple Choice

What type of good fits this definition: bought for final use by individuals

• Durable good

• Consumer good

• Nondurable good

• Capital good

Multiple Choice

What is this?

• Consumer good

• A service

• Capital good

• Durable good

is an item that lasts fewer than 3 years when used on a regular basis. Food, writing paper, most clothing would be examples of nondurable goods.

​Nondurable Good

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• one that lasts 3 years or more when used on a regular basis. Automobiles would be an example as well as tools.

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​Durable Good

Types of Goods

Some text here about the topic of discussion

Multiple Choice

What type of good is this?

• Durable good

• Consumer good

Multiple Choice

What type of good is this?

• Durable

• Nondurable

• Captial

Open Ended

Define durable good

Match

Match the following goods

• Durable good

• Nondurable good

• Service

Ms. Ash's Projector

Pumpkin Pie

Uber Eats

• Ms. Ash's Projector

• Pumpkin Pie

• Uber Eats

Multiple Choice

What type of good is

• Durable Good

• Nondurable good

Multiple Choice

What type of good fits this definition: last fewer than 3 years or more on a regular basis.

• Durable good

• Nondurable good

• Consumer good

• Captial good

Multiple Choice

What is this?

• Capital good

• Consumer good

• Durable good

• Service

Draw

Draw a non durable good a doctor would use

Open Ended

Use google to find an image that represents a service and submit it here.