Social Studies: Goods and Services (Lesson 1)

When there is not enough of something it is considered a __________

• service

• limited resource

• good

• natural resource

_______ is the number of people who need goods and services.

• Limited resource

• Community

• Goods

• Consumer demand

People who buy goods and services are called ________

• consumers

• producers

• consumer demand

• movers

This person may supply people with GOODS

• doctor

• police officer

• teacher

• farmer

There are very few consumers in the world. True or False

• True

• False

When an item is scarce, or in short supply, the price of the item may go up. True or False

• True

• False

Services are jobs done to help others. True or False

• True

• False

You go out to buy some milk. Milk is a ______

• service

• good

• consumer demand

• limited resource

You go out to buy some apples but there were none left. Apples are a _______

• service

• limited resource

• need

• consumer

When an item is a limited resource, people have to make choices. Select the choices people have when an item is limited.

• Call the manager of the store and complain.

• Pay more money, buy something different or shop somewhere else.

• Trade with a friend who has what you need.

• Cry because you can't find the item.