Goods, services, Producers, and Consumer

What is a good?

• Things people can buy

• work or help for sale

What is a service?

• Things people can buy

• work or help for sale

A doctor is an example of a

• good

• service

• consumer

When the dad buys his son shoes, is he paying for a good or a service?

• Good

• Service

These people are buying flowers from a market, are they paying for a good or a service?

• Good

• Service

This women is paid to fix a car, is she performing a good or service?

• Good

• Service

What do we call a person who purchases goods or services?

• Producer

• Consumer

• Good

• Service

What do we call a person who creates or manufactures goods?

• Consumer

• Producer

• Good

This man is milking a cow. Is this an example of a producer or consumer?

• Producer

• Consumer

These men are buying a drink from starbucks, are they producers or consumers?

• Producers

• Consumers