Goods Vs. Services

Doctor, writer, and teacher are all PROFESSIONS. What is a PROFESSION?

• a job

• a good

• a need

• a law

Grandpop wants to buy a new camera. What should he do?

• look at a few stores and compare the prices

• run to the closest store and buy a camera

• buy the camera with the highest price

• get the camera that looks the prettiest

Which provides both goods and services?

• a babysitter

• a bus driver

• a post office

• a family

Who makes or grows goods or offers services?

• producers

• consumers

• demanders

• resources

At the market, Moby buys apples that have been grown locally. Where do you think the apples were grown?

• in a different state

• in another country

• under the ground

• near his community

Moby and Mia decide to BARTER. Mia will make Moby a snack. In return, Moby will wash the dishes for Mia. What does BARTER mean?

• Make friends

• to disagree or argue

• to buy goods or services

• to trade goods or services

A toy store has a large supply of blocks and wants to sell more of them. How can the store sell more blocks?

• throw out the supply of blocks

• stop advertisting the blocks

• lower the prices of the blocks

• raise the price of the blocks

what is an example of a NEED?

• cell phone

• water

• diary

• tv

What is an example of a want?

• TV

• water

• food

• clothes

What is an example of a consumer?

• A farmer who grows corn

• A person who buys books

• An artist who sells their paintings

• A chef who makes food