Economics - Goods, Services and Consumers, Producers

​ECONOMICS

Goods are things people make. Goods can be touched or held. Goods are products like cars, paper or candy bars.

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​Goods

Services are things people do. Services cannot be touched or held. Examples of services are teaching, giving a haircut or repairing a car. Unlike goods, a service is used at the moment it is produced.

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​Services

Producers make and sell goods and services.

Consumers buy and use goods and services.

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​Producer and Consumers

Poll

When you buy candy, go to the movies, eat in a restaurant or get your teeth cleaned by a dentist, you are a ______

• Consumer

• Producer

Poll

The people or businesses that make the candy, the movie and the food in the restaurant are ______

• Producers

• Consumers

Multiple Choice

Mrs. Dwozan is providing a _____

• good

• service

• consumer

• producer

Interdependence

​Consumers and producers are interdependent.

That means they depend on each other. Consumers depend on producers to make goods and provide services. For example, we depend on farmers to grow fruits and vegetables to eat. Producers depend on consumers to buy goods and services. For example, farmers depend on consumers to buy their fruits and vegetables.

Dropdown

True or False



Consumers depend on producers. ​ ​

Select answer

Drag and Drop

True or False



Producers depend on consumers. ​

Placeholder

Drag these tiles and drop them in the correct blank above

True

False

Drag and Drop

True or False



Consumers and producers are independent. ​

Placeholder

Drag these tiles and drop them in the correct blank above

False

True

Audio Response

Record a 1 minute response to the following question:

Predict how you would be affected if producers no longer provided gaseoline!

Open Audio Recorder

Multiple Choice

A candy bar is a

• good

• service

• consumer

• producer

Multiple Choice

When you buy a candy bar, you are a

• good

• consumer

• service

• producer

Multiple Choice

The company that made the candy bar is a _____

• good

• service

• consumer

• producer