Economics

What is a service?

• A job
• Something someone does for you
• A need
• Something you do for another person

What is a need?

• Nothing
• Something you have to have to live
• Something you would like to have
• Ice cream

What is a good?

• A need
• A baseball game
• Things people do for money
• Things that people make or grow

What is a want?

• A person
• Something you would like to have but don't need to live
• Purple
• Something you need to live

A person who uses and buys goods and services 

• money 
• producer 
• consumer 
• economics 

A person who makes goods or provides a service 

• goods 
• service producer 
• producer
• consumer 

Things that were not made by humans and are found in nature

• natural resources
• human resources
• capital resources
• services

Things we buy that we can touch or hold

• services
• opportunity cost
• goods
• natural resources

Trading something for something else - no currency involved

• demand
• barter
• goods
• market

Tools we use to make products

• capital resources
• human resources
• natural resources
• entrepreneurs