Goods/Services & Wants/Needs & Producer/Consumer

What is a good?

• Things we buy or use

• Jobs that people do to help others

What is a service?

• Things we buy or use

• Jobs people do to help other people

Which one of these is NOT providing a service?

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Joe is a firefighter. He gets paid for a ________.

• need

• service

• want

• good

Lizzy makes cookies and sells them. Her cookies are a _______.

• service

• need

• good

• chocolate chip

Which one of these is a NEED?

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Which one of these is a WANT?

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Are clothes a want or a need?

• want

• need

Are toys a want or a need?

• want

• need

Emily is baking cookies for people to buy. Is she a producer or a consumer?

• producer

• consumer