Goods and Services

What is an example of a consumer?

• a farmer who grows corn

• a person who buys books

• an artist who sells paintings

• a worker who fixed trucks

Who makes or grows goods or offers services?

• producers

• consumers

• demanders

• resources

True or False: A good is something you buy and consume. They are things you can keep, eat, or use.

• True
• False

True or False: A service is something that someone else does for you, or provides you.

• true
• false

Does this person provide a good or a service?

• good
• service

Waiter: Goods or Service?

• Goods
• Service

6. Which is an example of a service?

• Book

• Police officer

• chair

• backpack

7. Which is an example of a good?

• Nurse

• Mechanic

• basketball

• cook

Which of the following terms is described here: the money a business makes after subtracting its costs?

• Risk

• Innovation

• Services

• Profit

Which type of resource does this image show?

• Natural resource

• Human resource

• Capital resource