Goods and Services

What are goods?

• Things that people want that they can touch or hold

• Things that you can do for someone else

• Being on your best behavior

What are services?

• Like cell phone service

• An action that a person does for someone else

• Things you want that you can touch or hold

Is a doctor a good or service?

• Good

• Service

Is having your grass cut a good or service?

• Good

• Service

Is an xbox a good or service?

• Good

• Service

Are groceries a good or service?

• Good

• Service

What does Barter mean?

• To go shopping

• To exchange goods or services for other goods or services without using money

• To ride on a boat

Is this is an example of barter?

To switch your pack of skittles for your friend's pack of m&ms

• Yes

• No