LA Social Studies Unit 5 Topic 1

What is the meaning of a good?

• physical items you can keep, eat, and use

• mental items you can see

• invisible items you cannot see

• items you cannot purchase

What are THREE examples of a good?

• food

• clothing

• going to the doctor

• houses

• meeting a teacher

What are THREE examples of a service?

• car repairs

• house painting

• cars

• houses

• concerts

What is the meaning of a service?

• to buy a physical item

• activities people do for you for money or a fee

• to purchase a car

• to buy a house

What is the meaning of a need?

• something you do not have to have

• necessary things for survival

• something that you want

• going on a vacation

What is the meaning of a want?

• necessary things for survival

• things needed to survive a storm

• things we would like to have, things to have fun

• food to eat in a hurricane

What is the meaning of consumer?

• someone who washes your car

• customers-the people who pay for goods and services

• someone who sells shirts

• people or companies who create, or produce, goods and services

What is the meaning of producer?

• someone who pays for a car wash

• customers-the people who pay for goods and services

• someone who buys shirts

• people or companies who create, or produce, goods and services

What are TWO examples of a NEED?

• an expensive car

• nutritional food

• a huge house

• shelter

What are TWO examples of a WANT?

• expensive shoes

• nutritional food

• a yacht

• water