EMS Grade 7 -Goods and Services

Goods are .....

• Untangible products that you pay a fee for

• Physical products produced to meet needs and wants.

• Things that we like

Services are .....

• Things that we like

• Products that we need

• Work done for people who need it - for a fee.

Services can be classified into two, namely

• Needs

• Wants

• Essential

• Non-essential

Producers are ....

• People who use goods and services

• People who have needs and wants

• the people / businesses who use resources to manufacture goods or provide services to meet people's needs and desires.

Consumers are ......

• The people who make goods

• the people who buy the goods made by producers or who use the services of the service providers.

• The businesses that make products to meet needs and wants

Which of the following is a service?

• Doctor consultation

• Tablet

• Laptop

• Microwave

Which of the following is classifies as a good

• Hairdresser

• Lawyer

• Restaurant

• Car

What can one do to save water ?

• Run a shower

• Reuse water. E.g. bath water can be used again for the toilets.

• Do not bath at all

• Do not cook

What is the main aim of businesses?

• To make profits

• To provide goods and services

• To be famous

• To be liked

What are non-renewable resources?

• Resources like Vegetables and fruit

• Resources that cannot be imitated or replaced once used up.

• Resources that can be imitated or replaced once used up