Goods and Services Flashcard

Front

What is an example of a consumer?

Back

a person who buys books

Front

What is a profession?

Back

a job

Front

Grandpop wants to buy a new camera. What should he do? Options: Look at a few stores and compare prices, buy the most expensive camera, buy the prettiest camera

Back

Look at a few stores and compare prices

Front

Which provides both goods and services?

Back

A post office

Front

The system in which goods and services are bought and sold

Back

economy

Front

An economy where choices are left up to each buyer and seller

Back

free market economy

Front

When people want more things than they can actually have

Back

scarcity

Front

Items that can be bought, sold, and traded, such as food and computers

Back

goods

Front

A place where buyers and sellers come together

Back

market

Front

Tasks you pay someone to do for you

Back

services