Goods n Services

What is a good?

• what we must have in order to live

• things we buy that can be seen and touched

• something you would like to have

• activities performed by people, firms

  or government agencies

You visit the doctor for a checkup.

• Good
• Service

You buy an ice cream cone from an ice cream truck.

• Good
• Service

You buy a book from a garage sale.

• Good
• Service

Air, shelter, and food are all examples of ______________

• needs

• wants

Someone who buys goods or services is called a ____________________

• producer

• consumer

What is a want?

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

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

Is this a NEED or a WANT?

• Need

• Want