Producers and Consumers

What kinds of goods and services are provided by businesses?

• public goods and services

• private goods and services

• wants and needs

• supply and demand

What kinds of goods and services are shared by a community?

• public goods and servies

• private goods and services

• wants and needs

• supply and demand

How does the government pay for services provided to communities?

• fundraising

• selling goods

• printing money

• taxes

Who are the people who make goods or provide services for others?

• producers

• consumers

• teachers

• workers

Who are the people who buy goods and services?

• producers

• consumers

• teachers

• workers

A baker is a ________________.

• producer of services

• consumer of services

• producer and consumer

• community leader

Producers depend on _________ to meet their wants and needs.

• economics

• goods

• taxes

• trade

2. What determines what goods and services are produced?

• what consumers buy

• what people make

• who produces goods

• climate and seasons

What does every community have different types of?

• olympic activities

• fishing traditions

• economic activities

• bakers' conferences

Which economic activity is about creating new services and products?

• agriculture

• research and development

• tourism

• healthcare